![Interest Income Earned from Scheduled Banks would not be Entitled to Deduction Under Section 80P(2)(a)(i) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Interest-income-scheduled-bank-deduction-ITAT-income-tax-taxscan.jpg "Interest Income Earned from Scheduled Banks would not be Entitled to Deduction Under Section 80P(2)(a)(i) of Income Tax Act: ITAT [Read Order]")
Interest Income Earned from Scheduled Banks would not be Entitled to Deduction Under Section 80P(2)(a)(i) of Income Tax Act: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) held that the interest income earned from the scheduled banks would not be entitled...
![Interest-Free Funds advanced to Sister Concern for Purchase of Land are Revenue in Nature: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Interest-Free-Funds-advanced-to-Sister-Concern-for-Purchase-of-Land-are-Revenue-in-Nature-ITAT-TAXSCAN.jpg "Interest-Free Funds advanced to Sister Concern for Purchase of Land are Revenue in Nature: ITAT [Read Order]")
![ITAT Quashes Invalid Penalty Order on Deceased Assessee u/s 159(2) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-Quashes-Invalid-Penalty-Order-Deceased-Assessee-us-1592-of-Income-Tax-Act-TAXSCAN.jpg "ITAT Quashes Invalid Penalty Order on Deceased Assessee u/s 159(2) of Income Tax Act [Read Order]")
![Revision Order without DIN is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Revision-Order-DIN-ITAT-TAXSCAN.jpg "Revision Order without DIN is Invalid: ITAT [Read Order]")
![Habitual Default of Non-filing of Income Tax Returns despite having Taxable Income: ITAT Upholds Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Habitual-Income-Tax-Returns-Taxable-Income-ITAT-Penalty-TAXSCAN.jpg "Habitual Default of Non-filing of Income Tax Returns despite having Taxable Income: ITAT Upholds Penalty [Read Order]")
No proof that Assessee has not earned any Exempt Income for relevant Assessment Year: ITAT restores matter to AO [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT), restored matter to the Assessing Officer (AO), as there was no proof that assessee has not earned any exempt income for relevant...
![No proof that Assessee has not earned any Exempt Income for relevant Assessment Year: ITAT restores matter to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/proof-Assessee-Exempt-Income-relevant-Assessment-ITAT-restores-matter-AO-TAXSCAN.jpeg "No proof that Assessee has not earned any Exempt Income for relevant Assessment Year: ITAT restores matter to AO [Read Order]")
Consideration received not Income Deemed to accrue in India: ITAT holds Assessee not eligible for TDS [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore held assessee, M/s Subex Technologies Limited not eligible for TDS on the ground that the consideration received was not income deemed to accrue in...
![Consideration received not Income Deemed to accrue in India: ITAT holds Assessee not eligible for TDS [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/received-income-deemed-ITAT-assessee-eligible-TDS-TAXSCAN.jpg "Consideration received not Income Deemed to accrue in India: ITAT holds Assessee not eligible for TDS [Read Order]")
Relief to Dell International: ITAT rules Amount received towards Warranty is Refundable even on Cancellation of Warranty Agreement [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench granted relief to M/s. Dell International Services India Private Limited and held that amount received towards warranty is refundable even on...
![Relief to Dell International: ITAT rules Amount received towards Warranty is Refundable even on Cancellation of Warranty Agreement [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Relief-Dell-International-ITAT-rules-Agreement-TAXSCAN.jpg "Relief to Dell International: ITAT rules Amount received towards Warranty is Refundable even on Cancellation of Warranty Agreement [Read Order]")
Excess Payment of Advance Tax ignored while Calculating Interest u/s 234C: ITAT directs AO to Verify Calculation [Read Order]
In a recent ruling, the Income Tax Appellate Tribunal (ITAT), Bangalore bench has directed the Assessing Officer to re-verify the calculation of interest under section 234C of the Income Tax Act,...
![Excess Payment of Advance Tax ignored while Calculating Interest u/s 234C: ITAT directs AO to Verify Calculation [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Excess-Payment-Advance-Tax-ITAT-AO-Taxscan.jpg "Excess Payment of Advance Tax ignored while Calculating Interest u/s 234C: ITAT directs AO to Verify Calculation [Read Order]")
![Receipts from Unknown Sources Taxable as Other Income: ITAT upholds Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/other-income-ITAT-Unknown-Sources-Taxscan.jpg "Receipts from Unknown Sources Taxable as Other Income: ITAT upholds Addition [Read Order]")
ITAT stays recovery of outstanding Tax Arrears to the tune of Rs.1260.56 Crores against Google India [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench stayed the recovery of outstanding tax arrears to the tune of Rs.1260.56 Crores against Google India. Originally the stay was granted by...
![ITAT stays recovery of outstanding Tax Arrears to the tune of Rs.1260.56 Crores against Google India [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/ITAT-outstanding-tax-arrears-Google-India-Taxscan.jpg "ITAT stays recovery of outstanding Tax Arrears to the tune of Rs.1260.56 Crores against Google India [Read Order]")
Payments made to non-resident for acquiring off-the-shelf Software isn’t Royalty, No obligation to deduct TDS: ITAT deletes disallowance against Infosys [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench while deleting the disallowance against Infosys BPM Ltd. held that payments made to non-resident for acquiring off-the-shelf software are not...
![Payments made to non-resident for acquiring off-the-shelf Software isn’t Royalty, No obligation to deduct TDS: ITAT deletes disallowance against Infosys [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/Payments-shelf-Software-Royalty-obligation-to-deduct-TDS-ITAT-deletes-disallowance-Infosys-Taxscan.jpg "Payments made to non-resident for acquiring off-the-shelf Software isn’t Royalty, No obligation to deduct TDS: ITAT deletes disallowance against Infosys [Read Order]")