![Failure to file form 10IC due to Non-appearance: ITAT Allows Concessional rate of tax u/s 115BAA of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Failure-file-form-10IC-Non-appearance-ITAT-Concessional-rate-of-tax-Income-Tax-Act-taxscan.jpg "Failure to file form 10IC due to Non-appearance: ITAT Allows Concessional rate of tax u/s 115BAA of Income Tax Act [Read Order]")
Failure to file form 10IC due to Non-appearance: ITAT Allows Concessional rate of tax u/s 115BAA of Income Tax Act [Read Order]
In a major ruling the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) allowed concessional rate of tax under Section 115BAA of the Income...
![Non-appearance due to continuation of information gathering process not Deliberate Act: ITAT quashes Assessment Order of CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Mumbai-Assessment-order-Commissioner-of-Income-Tax-appeals-Information-gathering-process-Income-Tax-taxscan-1.jpg "Non-appearance due to continuation of information gathering process not Deliberate Act: ITAT quashes Assessment Order of CIT(A) [Read Order]")
![Relief to Vodafone: ITAT allows deduction u/s 80 IA of Income Tax Act to undertakings providing telecommunication services [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Relief-Vodafone-ITAT-deduction-Income-Tax-Act-telecommunication-services-TAXSCAN.jpg "Relief to Vodafone: ITAT allows deduction u/s 80 IA of Income Tax Act to undertakings providing telecommunication services [Read Order]")
![Interest Income received from Co-Operative Bank is eligible deduction u/s 80(2)(d) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Interest-Income-received-from-Co-Operative-Bank-is-eligible-deduction-Income-Tax-Act-ITAT-TAXSCAN.jpg "Interest Income received from Co-Operative Bank is eligible deduction u/s 80(2)(d) of Income Tax Act: ITAT [Read Order]")
![Addition of Share Premium and Share Capital u/s 68 of Income Tax Act cant be imposed by ignoring Evidences produced by Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Addition-Share-Premium-Share-Capital-Income-Tax-Act-imposed-ignoring-Evidences-produced-Assessee-ITAT-taxscan.jpg "Addition of Share Premium and Share Capital u/s 68 of Income Tax Act cant be imposed by ignoring Evidences produced by Assessee: ITAT [Read Order]")
![Interest Received Loan given from OD not Taxable: ITAT Deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Interest-Received-Loan-given-from-OD-not-Taxable-ITAT-Deletes-Addition-TAXSCAN.jpg "Interest Received Loan given from OD not Taxable: ITAT Deletes Addition [Read Order]")
Deduction on Interest Income Earned from Co-Operative Bank u/s 80P(2)(d) allowed: ITAT sets aside order of CIT(A) [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) set aside the order of the Commissioner of Income Tax (Appeals) [CIT(A)] and directed the Assessing officer to allow the claim of deduction...
![Deduction on Interest Income Earned from Co-Operative Bank u/s 80P(2)(d) allowed: ITAT sets aside order of CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Deduction-Interest-Income-Co-operative-Bank-ITAT-income-tax-taxscan.jpg "Deduction on Interest Income Earned from Co-Operative Bank u/s 80P(2)(d) allowed: ITAT sets aside order of CIT(A) [Read Order]")
Cash Deposit with Substantial Proof of Source Not to be treated as Unexplained Cash Credit u/s 68 of Income Tax Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has held that the cash deposit made by the assessee with substantial proof of source shall not be treated as Unexplained Cash Credit under...
![Cash Deposit with Substantial Proof of Source Not to be treated as Unexplained Cash Credit u/s 68 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Cash-Deposit-with-Substantial-Proof-Unexplained-Cash-Credit-Income-Tax-Act-ITAT-TAXSCAN.jpg "Cash Deposit with Substantial Proof of Source Not to be treated as Unexplained Cash Credit u/s 68 of Income Tax Act: ITAT [Read Order]")
Information relied upon by AO does not have any bearing to Search Conducted: ITAT deletes S. 153C Addition [Read Order]
The Mumbai Income Tax Appellate Tribunal (ITAT)has recently while deleting additions made under section 153C of Income Tax Act 1961 observed that Information relied upon by the assessing officer did...
![Information relied upon by AO does not have any bearing to Search Conducted: ITAT deletes S. 153C Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Information-AO-Search-Conducted-ITAT-TAXSCAN.jpg "Information relied upon by AO does not have any bearing to Search Conducted: ITAT deletes S. 153C Addition [Read Order]")
Revisional Jurisdiction cannot be Invoked If AO took one of the Possible Views of the Matter: ITAT [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) recently held that the revisional jurisdiction cannot be invoked if the assessing officer took one of the possible views of the matter. The...
![Revisional Jurisdiction cannot be Invoked If AO took one of the Possible Views of the Matter: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Revisional-Jurisdiction-AO-ITAT-TAXSCAN.jpg "Revisional Jurisdiction cannot be Invoked If AO took one of the Possible Views of the Matter: ITAT [Read Order]")
Income Tax Penalty u/s 271(1)(c)cannot be Levied based on Information from Outside Agency/ Dept: ITAT [Read Order]
In a recent ruling, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that income tax penalty under section 271(1)(c) cannot be levied based on Information from outside...
![Income Tax Penalty u/s 271(1)(c)cannot be Levied based on Information from Outside Agency/ Dept: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Income-Tax-Penalty-Information-Outside-Agency-Dept-ITAT-TAXSCAN.jpg "Income Tax Penalty u/s 271(1)(c)cannot be Levied based on Information from Outside Agency/ Dept: ITAT [Read Order]")
“Transponder Charges” are not Royalty as Indo-US Treaty, No TDS: ITAT grants relief to Viacom 18 Media [Read Order]
The Income Tax Appellate Tribunal ( ITAT) , Mumbai Bench, has recently, while granting relief to Viacom 18, held that transport charges are not royalty as Indo- US treaty and hence that there is no...
![“Transponder Charges” are not Royalty as Indo-US Treaty, No TDS: ITAT grants relief to Viacom 18 Media [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Transponder-Charges-Royalty-Indo-US-Treaty-TDS-ITAT-Viacom-18-Media-TAXSCAN.jpg "“Transponder Charges” are not Royalty as Indo-US Treaty, No TDS: ITAT grants relief to Viacom 18 Media [Read Order]")