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![Income Tax Addition On Interest Income Received Out Of FDs is Invalid In Absence Of Corroborative Evidence: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Income-Tax-Income-Tax-Addition-FD-Interest-Income-Corroborative-Evidence-Tax-Addition-Income-Tax-Appellate-Tribunal-ITAT-mumbai-taxscan.jpg "Income Tax Addition On Interest Income Received Out Of FDs is Invalid In Absence Of Corroborative Evidence: ITAT [Read Order]")
Income Tax Addition On Interest Income Received Out Of FDs is Invalid In Absence Of Corroborative Evidence: ITAT [Read Order]
In a significant case, the Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has Income tax addition on interest income received out of Fixed...
![Lack of Territorial Jurisdiction, ITAT dismisses Revenue appeal against Bank of Baroda [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Mumbai-ITAT-Income-Tax-Bank-of-Baroda-Revenue-appeal-against-Bank-of-Baroda-taxscan.jpg "Lack of Territorial Jurisdiction, ITAT dismisses Revenue appeal against Bank of Baroda [Read Order]")
![Scrip cant be Penny Stock: ITAT deletes Addition u/s 68 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Scrip-Penny-Stock-ITAT-Income-Tax-Act-taxscan.jpg "Scrip cant be Penny Stock: ITAT deletes Addition u/s 68 of Income Tax Act [Read Order]")
![Allegation Bogus Purchase: ITAT confirms Gross profit at 12 .5% as Sales are not Disputed [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Allegation-Bogus-Purchase-ITAT-ITAT-mumbai-Income-Tax-taxscan.jpg "Allegation Bogus Purchase: ITAT confirms Gross profit at 12 .5% as Sales are not Disputed [Read Order]")
![Department of Inland Revenue Sri Lanka Certifies Assessee’s Gross Remuneration: ITAT directs AO to allow TDS Credit and Self-Assessment Tax [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Department-Inland-Revenue-Sri-Lanka-Certifies-Gross-Remuneration-ITAT-AO-TDS-Credit-Self-Assessment-Tax-TAXSCAN.jpg "Department of Inland Revenue Sri Lanka Certifies Assessee’s Gross Remuneration: ITAT directs AO to allow TDS Credit and Self-Assessment Tax [Read Order]")
Income Earned from letting out of Auditorium is Eligible for Exemption u/s 11 of Income Tax Act, When Income is applied to Objects of Trust: ITAT [Read Order]
In a recent decision the Income Tax Appellate Tribunal, ( ITAT ) in Mumbai, observed that income earned from letting out of auditorium was eligible for exemption under Section 11 of the Income Tax...
![Income Earned from letting out of Auditorium is Eligible for Exemption u/s 11 of Income Tax Act, When Income is applied to Objects of Trust: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-ITAT-Mumbai-Income-Tax-Income-Earned-from-letting-out-of-Auditorium-TAXSCAN.jpg "Income Earned from letting out of Auditorium is Eligible for Exemption u/s 11 of Income Tax Act, When Income is applied to Objects of Trust: ITAT [Read Order]")
Mere making of Incorrect Claim does not Tantamount to furnishing of inaccurate particular: ITAT deletes Penalty u/s 27(1)(c) of Income Tax Act [Read Order]
In a recent decision the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that the mere making of an incorrect claim does not tantamount to furnishing of inaccurate particular,...
![Mere making of Incorrect Claim does not Tantamount to furnishing of inaccurate particular: ITAT deletes Penalty u/s 27(1)(c) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-Mumbai-ITAT-Income-Tax-Act-Income-Tax-ITAT-Ruling-on-Income-Tax-Penalty-Taxscan.jpg "Mere making of Incorrect Claim does not Tantamount to furnishing of inaccurate particular: ITAT deletes Penalty u/s 27(1)(c) of Income Tax Act [Read Order]")
LTCG without indexing Cost of Acquisition is to be considered for computing Tax Liability u/s 115JB of Income Tax Act: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) observed that Long Term Capital Gain ( LTCG ) without indexing cost of acquisition is to be considered for computing tax liability under...
![LTCG without indexing Cost of Acquisition is to be considered for computing Tax Liability u/s 115JB of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Long-Term-Capital-Gain-ITAT-ITAT-Mumbai-Tax-liability-Income-Tax-Cost-of-Acquisition-LTCG-without-indexing-Cost-of-Acquisition-Computing-tax-liability-LTCG-TAXSCAN.jpg "LTCG without indexing Cost of Acquisition is to be considered for computing Tax Liability u/s 115JB of Income Tax Act: ITAT [Read Order]")
![ITAT Annual Digest [Part 70]](https://www.taxscan.in/wp-content/uploads/2024/01/Income-Tax-ITAT-ITAT-Annual-Digest-2023-ITAT-case-analysis-Tax-tribunal-updates-Income-Tax-Appellate-Tribunal-TAXSCAN-1.jpg "ITAT Annual Digest [Part 70]")
![ITAT Annual Digest [Part 16]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-cases-2023-Tax-tribunal-updates-Annual-tax-analysis-Income-tax-appeals-ITAT-decisions-2023-ITAT-ITAT-Cases-taxscan.jpg "ITAT Annual Digest [Part 16]")
![Setback to Moraj Director Priya Gurnani: ITAT dismisses Claim of Vacancy Allowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/ITAT-Moraj-Director-Priya-Gurnani-Claim-Allowance-taxscan.jpg "Setback to Moraj Director Priya Gurnani: ITAT dismisses Claim of Vacancy Allowance [Read Order]")