No Physical Notice issued before Ex-Parte Proceedings on Unexplained Investment: ITAT remands Matter to CIT(A) for Fresh Adjudication [Read Order]
The New Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) has remanded the case to the Commissioner of Income Tax (Appeals) for a fresh...
![ITAT allows Income Tax Sec.80P Deduction to Co-operative Society on Interest Earned from Co-operative Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Income-Tax-ITAT-co-operative-banks-Co-operative-Society-Income-Tax-Appellate-TAXSCAN.jpg "ITAT allows Income Tax Sec.80P Deduction to Co-operative Society on Interest Earned from Co-operative Bank [Read Order]")
![Half Yearly Income Tax Digest: ITAT Rulings 2024 [Part VI]](https://www.taxscan.in/wp-content/uploads/2024/07/Half-Yearly-Case-Digest-ITAT-Case-Digest-Half-Yearly-Income-Tax-Digest-Income-Tax-half-yearly-Case-Digest-ITAT-Tax-Judgement-part-6-taxscan.jpg "Half Yearly Income Tax Digest: ITAT Rulings 2024 [Part VI]")
![Section 50C can be applied only to Capital Assets not to Leasehold Rights: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-ITAT-Delhi-Section-50C-Income-Tax-Act-leasehold-rights-Capital-Assets-taxscan.jpg "Section 50C can be applied only to Capital Assets not to Leasehold Rights: ITAT [Read Order]")
Exemption u/s 54F of Income Tax Act not allowable for 500 sqm Shed on Agricultural Land: ITAT [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) rejected a claim for exemption under Section 54F of the Income Tax Act, as the exemption from sale of capital assets were claimed in the...
![Exemption u/s 54F of Income Tax Act not allowable for 500 sqm Shed on Agricultural Land: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/site-img-6-1.jpg "Exemption u/s 54F of Income Tax Act not allowable for 500 sqm Shed on Agricultural Land: ITAT [Read Order]")
Payment made Overseas for Providing Information on Tariff Change is not FTS: ITAT sets aside TDS Demand u/s 195 of Income Tax Act [Read Order]
The New Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) held that payment made overseas for providing information on Tariff Change is not FTS and set aside the demand of Tax Deducted at...
![Payment made Overseas for Providing Information on Tariff Change is not FTS: ITAT sets aside TDS Demand u/s 195 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-ITAT-Delhi-Information-on-Tariff-Change-is-not-FTS-ITAT-sets-aside-TDS-Demand-section-195-of-the-Income-Tax-Act-Income-Tax-Appellate-Tribunal-Tax-news-Taxscan.jpg "Payment made Overseas for Providing Information on Tariff Change is not FTS: ITAT sets aside TDS Demand u/s 195 of Income Tax Act [Read Order]")
No Adverse Findings on Purchases or Stock: ITAT deletes 39.2 Lakhs cash credit u/s 68 of Income Tax Act [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) deleted Rs. 39.2 Lakhs Cash Credit Under Section 68 of the Income Tax Act, 1961, citing absence of adverse findings on purchases or...
![No Adverse Findings on Purchases or Stock: ITAT deletes 39.2 Lakhs cash credit u/s 68 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Delhi-Income-tax-Cash-credit-Stock-assessment-taxscan.jpg "No Adverse Findings on Purchases or Stock: ITAT deletes 39.2 Lakhs cash credit u/s 68 of Income Tax Act [Read Order]")
Maturity LIC Amounts Exempt from Taxability u/s 10 (10D): ITAT directs AO to delete Addition of 1.43 Crore [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has directed the Assessing Officer (AO) to delete the addition of 1.43 crore on ground that maturity Life Insurance Corporation (LIC)...
![Maturity LIC Amounts Exempt from Taxability u/s 10 (10D): ITAT directs AO to delete Addition of 1.43 Crore [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Maturity-LIC-Amounts-Taxability-us-10-10D-ITAT-AO-TAXSCAN.jpg "Maturity LIC Amounts Exempt from Taxability u/s 10 (10D): ITAT directs AO to delete Addition of 1.43 Crore [Read Order]")
![Entire receipt of INR received from different entities not taxable as royalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Income-Tax-ITAT-Delhi-ITAT-Indian-rupee-receipt-INR-Receipt-of-INR-Taxable-royalty-taxscan.jpg "Entire receipt of INR received from different entities not taxable as royalty: ITAT [Read Order]")
ITAT allows deduction u/S 80-IAB of Income tax act for car parking Income, Health Club Income, Food court income and Interest income [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal Observed that allows deduction under Section 80-IAB of Income Tax Act 1961 for car parking income, Health club income, food court income and...
![ITAT allows deduction u/S 80-IAB of Income tax act for car parking Income, Health Club Income, Food court income and Interest income [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Delhi-Car-parking-income-deduction-Health-club-income-deduction-Food-court-income-deduction-Interest-income-deduction-taxscan.jpg "ITAT allows deduction u/S 80-IAB of Income tax act for car parking Income, Health Club Income, Food court income and Interest income [Read Order]")
![ITAT Annual Digest [Part 54]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-ANNUAL-DIGEST-PART-54-ITAT-ITAT-ANNUAL-DIGEST-taxscan.jpg "ITAT Annual Digest [Part 54]")