![Bad Debts declared as NPS before 01.04.2006 are allowable as deduction u/s 36(l)(vii) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Bad-Debts-NPS-allowable-deduction-Income-Tax-Act-taxscan.jpg "Bad Debts declared as NPS before 01.04.2006 are allowable as deduction u/s 36(l)(vii) of Income Tax Act: ITAT [Read Order]")
Bad Debts declared as NPS before 01.04.2006 are allowable as deduction u/s 36(l)(vii) of Income Tax Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai Bench held that bad debts declared as Non-Performing Assets (NPS) before 01.04.2006 are allowed as...
![ITAT upholds Addition made on 5% Estimate basis on Bogus Purchase [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-upheld-Addition-Estimate-basis-Bogus-Purchase-ITAT-upholds-Addition-income-tax-taxscanBogus-Purchase-income-tax.jpg "ITAT upholds Addition made on 5% Estimate basis on Bogus Purchase [Read Order]")
![ITAT Quashes Assessment Order by TPO u/s 92CA of Income Tax Act Against Johnson & Johnson Pvt Ltd due to Barred by Limitation [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-Quashes-Assessment-Order-by-TPO-Income-Tax-Act-Against-Johnson-Johnson-Pvt-Ltd-due-to-Barred-by-Limitation-TAXSCAN.jpg "ITAT Quashes Assessment Order by TPO u/s 92CA of Income Tax Act Against Johnson & Johnson Pvt Ltd due to Barred by Limitation [Read Order]")
![Error of Tax Auditor in Reporting Payment Date of PF Collected from Employees: ITAT Deletes Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Error-of-Tax-Auditor-Reporting-Payment-Date-of-PF-Collected-from-Employees-ITAT-Deletes-Disallowance-PF-Collected-from-Employees-Employees-Reporting-Payment-Date-taxscan.jpg "Error of Tax Auditor in Reporting Payment Date of PF Collected from Employees: ITAT Deletes Disallowance [Read Order]")
![Section 271B Penalty not Applicable when Reasonable Cause for Failure to Comply with Provision is Explained: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Section-271B-Penalty-not-Applicable-Reasonable-Cause-Failure-to-Comply-Provision-is-Explained-ITAT-TAXSCAN.jpg "Section 271B Penalty not Applicable when Reasonable Cause for Failure to Comply with Provision is Explained: ITAT [Read Order]")
Non-eligibility of Deduction u/s 54F of IT Act on Ground of Co-ownership more than one Residential Property: ITAT directs Re-adjudication [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal ( ITAT) directed re-adjudication to the assessing officer for the mon eligibility of deduction under section 54F of Income Tax Act,1961 due to...
![Non-eligibility of Deduction u/s 54F of IT Act on Ground of Co-ownership more than one Residential Property: ITAT directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Non-eligibility-of-deduction-IT-Act-on-ground-of-co-ownership-more-than-one-residential-property-ITAT-directs-re-adjudication-TAXSCAN.jpg "Non-eligibility of Deduction u/s 54F of IT Act on Ground of Co-ownership more than one Residential Property: ITAT directs Re-adjudication [Read Order]")
Delay in Filing Appeal Due to Mistake on part of Officials: ITAT directs Re-adjudication [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal ( ITAT) directed re-adjudication to the Commissioner of Income Tax (Appeals) for rejecting the appeal filed by the assessee due to delay in filing...
![Delay in Filing Appeal Due to Mistake on part of Officials: ITAT directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/re-adjudication-ITAT-Delay-in-filing-appeal-mistake-on-part-of-officials-TAXSCAN.jpg "Delay in Filing Appeal Due to Mistake on part of Officials: ITAT directs Re-adjudication [Read Order]")
![ITAT upholds Revision Order due to Non-Compliance with ALP Determination Requirement [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-upholds-Revision-Order-ALP-Determination-Requirement-Revision-Order-ITAT-Income-Tax-taxscan.jpg "ITAT upholds Revision Order due to Non-Compliance with ALP Determination Requirement [Read Order]")
![MSBTE is ‘state’ under Article 12 and exempted from Income Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/MSBTE-state-Article-12-and-exempted-from-Income-Tax-ITAT-TAXSCAN.jpg "MSBTE is ‘state’ under Article 12 and exempted from Income Tax: ITAT [Read Order]")
Rejection of Registration of Trust for Non-Compliance of Notices and Non-Registration u/s. 12AB without Adhering to Principles of Natural Justice: ITAT directs Re-Adjudication
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has directed re-adjudication on finding the rejection of registration of a trust for non-compliance of notice and non-registration under...
Charges received for Carrying out of Re-fabrication of Bushings Not Taxable under Indo-Singapore Treaty: ITAT Allows TDS Credit to Owens Corning
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has allowed the Tax Deducted at Source (TDS) credit to Owens Corning holding that the charges received for carrying out re-fabrication of...
![Assessment Order Not Complying with Procedure u/s 144B is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Assessment-Order-Invalid-ITAT-TAXSCAN.jpg "Assessment Order Not Complying with Procedure u/s 144B is Invalid: ITAT [Read Order]")