![Interest expenses u/s 36(1)(iii) not allowable for Utilization of Funds for Investment in Shares of Subsidiary Company: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Interest-Funds-Investment-in-Shares-of-Subsidiary-Company-ITAT-TAXSCAN.jpg "Interest expenses u/s 36(1)(iii) not allowable for Utilization of Funds for Investment in Shares of Subsidiary Company: ITAT [Read Order]")
Interest expenses u/s 36(1)(iii) not allowable for Utilization of Funds for Investment in Shares of Subsidiary Company: ITAT [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT), held that Interest expenses under Section 36(1)(iii) of the Income Tax Act, 1961 not...
![Details and Evidence to prove Identity & Creditworthiness of Share Subscribers submitted, Addition u/s 68 not permissible: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Evidence-prove-Identity-Creditworthiness-ITAT-TAXSACN.jpg "Details and Evidence to prove Identity & Creditworthiness of Share Subscribers submitted, Addition u/s 68 not permissible: ITAT [Read Order]")
![No Evidence of Tax Evasion by showing Fictitious or False Transactions: ITAT deletes Addition of Expenditure u/s 40A(3) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Evidence-Tax-Evasion-ITAT-taxscan.jpeg "No Evidence of Tax Evasion by showing Fictitious or False Transactions: ITAT deletes Addition of Expenditure u/s 40A(3) [Read Order]")
![Relief to Tata Medical Centre Trust: Revision Order without mentioning DIN is Void Ab-Initio, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Tata-Medical-Centre-Trust-Revision-Order-DIN-Void-Ab-Initio-ITAT-taxscan.jpeg "Relief to Tata Medical Centre Trust: Revision Order without mentioning DIN is Void Ab-Initio, rules ITAT [Read Order]")
Income to be assessed as per MOU for Sharing Profit and Loss of Business and not on TDS deducted in Name of Assessee under PAN Number: ITAT [Read Order]
Income to be assessed as per MOU for sharing profit and loss of business and not on TDS deducted in name of assessee under PAN Number, so was held by Income Tax Appellate Tribunal (ITAT), Kolkata. ...
![Income to be assessed as per MOU for Sharing Profit and Loss of Business and not on TDS deducted in Name of Assessee under PAN Number: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Income-MOU-profit-and-loss-of-business-TDS-PAN-Number-ITAT-taxscan.jpeg "Income to be assessed as per MOU for Sharing Profit and Loss of Business and not on TDS deducted in Name of Assessee under PAN Number: ITAT [Read Order]")
Denial of TDS in intimation order u/s 143(1) without reasons: ITAT rules Assessee entitled to credit of TDS [Read Order]
The Income Tax Appellate Tribunal (ITAT), Kolkata has ruled that, the assessee entitled to the credit of TDS as denial of TDS in the intimation order under Section 143(1) was without assigning...
![Denial of TDS in intimation order u/s 143(1) without reasons: ITAT rules Assessee entitled to credit of TDS [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/intimation-order-ITAT-assessee-TDS-taxscan.jpg "Denial of TDS in intimation order u/s 143(1) without reasons: ITAT rules Assessee entitled to credit of TDS [Read Order]")
Assessment Order passed barred by Limitation can’t be extended under guise of Special Audit referred by AO: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chandigarh Bench held that the assessment order passed barred by limitation cannot be extended under guise of special audit referred by AO. The assessee,...
![Assessment Order passed barred by Limitation can’t be extended under guise of Special Audit referred by AO: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/12/Assessment-Order-Quise-Special-Audit-AO-ITAT-Taxscan.jpg "Assessment Order passed barred by Limitation can’t be extended under guise of Special Audit referred by AO: ITAT [Read Order]")
Reopening of Assessment can’t be made on Mere Suspicion in absence of any Evidence alleging escapement of Income during Assessment: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) ruled that the reopening of assessment cannot be made on mere suspicion in absence of any evidence alleging escapement of income during the...
![Reopening of Assessment can’t be made on Mere Suspicion in absence of any Evidence alleging escapement of Income during Assessment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/09/Reopening-of-assessment-ITAT-Taxscan.jpeg "Reopening of Assessment can’t be made on Mere Suspicion in absence of any Evidence alleging escapement of Income during Assessment: ITAT [Read Order]")
![ITAT furiously Criticizes Revenue Department, Fine Imposed [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "ITAT furiously Criticizes Revenue Department, Fine Imposed [Read Order]")