![Incomplete Interest Income Verification: ITAT Orders Revaluation of Co-op Societys 80P Deduction Eligibility [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Interest-Income-Interest-Income-Verification-ITAT-Co-op-Society-Co-op-Societys-80P-Deduction-Eligibility-Incomplete-Interest-Income-Verification-ITAT-Orders-Revaluation-income-tax-tax-news-taxscan.jpg "Incomplete Interest Income Verification: ITAT Orders Revaluation of Co-op Societys 80P Deduction Eligibility [Read Order]")
Incomplete Interest Income Verification: ITAT Orders Revaluation of Co-op Society's 80P Deduction Eligibility [Read Order]
Recently, the Bangalore bench of Income Tax Appellate Tribunal (ITAT) ordered the reevaluation of a Co-Operative Society’s income tax deduction...
![CIT (A) and AO Fails to consider CBDT Guidelines on Cash Deposits during Demonetization Period: ITAT remands Case to AO for Fresh Consideration [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/CIT-A-AO-ITAT-Bangalore-ITAT-CBDT-Income-Tax-Appellate-Tribunal-Assessing-Officer-Central-Board-of-Direct-Taxes-Demonetization-Period-taxscan.jpg "CIT (A) and AO Fails to consider CBDT Guidelines on Cash Deposits during Demonetization Period: ITAT remands Case to AO for Fresh Consideration [Read Order]")
![ITAT Orders Detailed Verification of KYC for Cooperative Society’s SBN Deposits during Demonetization [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/co-op-society-kerala-high-court-Reopening-of-Assessment-taxscan.jpg "ITAT Orders Detailed Verification of KYC for Cooperative Society’s SBN Deposits during Demonetization [Read Order]")
![Co-operative Society registered under Karnataka Souharda Sahakari Act eligible for S. 80P Deduction under Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Co-operative-Society-Karnataka-Souharda-Sahakari-Act-section-80p-Deduction-ITAT-Souharda-Sahakari-Act-itat-on-Karnataka-Souharda-Sahakari-Act-tax-news-Karnataka-Souharda-Sahakari-Act-news-taxscan.jpg "Co-operative Society registered under Karnataka Souharda Sahakari Act eligible for S. 80P Deduction under Income Tax Act: ITAT [Read Order]")
![ITAT confirms 50% Disallowance of Motor Car and Bike Expenses due to Failure to Provide Details [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-Disallowance-Motor-Car-expenses-Motor-Car-and-Bike-Expenses-Bike-Expenses-Disallowance-of-Motor-Car-and-Bike-Expenses-itat-news-on-Disallowance-of-Motor-Car-and-Bike-Expenses-tax-news-taxscan.jpg "ITAT confirms 50% Disallowance of Motor Car and Bike Expenses due to Failure to Provide Details [Read Order]")
![Delay in Filing Appeal due to Service of FAA Notice to Old CAs Mail ID: ITAT remands Matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Mumbai-readjudication-condonation-of-delay-filing-appeal-delay-in-filing-appeal-taxscan.jpg "Delay in Filing Appeal due to Service of FAA Notice to Old CAs Mail ID: ITAT remands Matter [Read Order]")
![Investments with Co-operative Society eligible for Section 80P(2)(d) Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Income-Tax-ITAT-ITAT-Bangalore-Income-Tax-Appellate-Tribunal-Cooperative-Society-TAXSCAN.jpg "Investments with Co-operative Society eligible for Section 80P(2)(d) Deduction: ITAT [Read Order]")
Interest Income from SBI Investments not attributable to Business of Taxpayer, Not Eligible for Deduction u/s 80P (2)(a)(i) of Income Tax Act: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that interest income received on investments from State Bank of India ( SBI ) was not attributable to the business of the...
![Interest Income from SBI Investments not attributable to Business of Taxpayer, Not Eligible for Deduction u/s 80P (2)(a)(i) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Bangalore-Income-tax-Income-Tax-Act-State-Bank-of-India-SBI-taxscan.jpg "Interest Income from SBI Investments not attributable to Business of Taxpayer, Not Eligible for Deduction u/s 80P (2)(a)(i) of Income Tax Act: ITAT [Read Order]")
Payment received by Non Resident assessee from Indian Company for IUC cannot be taxed as Royalty in India u/s 9(1)(vi) of Act on absence of DTAA: ITAT [Read Order]
The Bangalore bench of Income Tax Appellate Tribunal (ITAT) held that payment received by the non resident assessee from an Indian Company for IUC could not be taxed as royalty in India under Section...
![Payment received by Non Resident assessee from Indian Company for IUC cannot be taxed as Royalty in India u/s 9(1)(vi) of Act on absence of DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ROYALTY.jpg "Payment received by Non Resident assessee from Indian Company for IUC cannot be taxed as Royalty in India u/s 9(1)(vi) of Act on absence of DTAA: ITAT [Read Order]")
Payments Received Towards Interconnectivity Utility Charges From Indian Customers Is Not Royalty under Article 12 of DTAA: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has held that payments received by the assessee towards interconnectivity utility charges from Indian customers or end users cannot be...
![Payments Received Towards Interconnectivity Utility Charges From Indian Customers Is Not Royalty under Article 12 of DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Payments-Received-Interconnectivity-Utility-Charges-From-Indian-Customers-Royalty-Article-12-of-DTAA-ITAT-TAXSCAN.jpg "Payments Received Towards Interconnectivity Utility Charges From Indian Customers Is Not Royalty under Article 12 of DTAA: ITAT [Read Order]")
Receipt of IUC charges cannot be taxed as Royalty under Article 12 of India Japan DTAA: ITAT [Read Order]
The Two member bench of Bangalore Income Tax Appellate Tribunal ( ITAT ) held that the receipt of Interconnect Utility Charges ( IUC ) charges cannot be taxed as Royalty under Article 12 India-...
![Receipt of IUC charges cannot be taxed as Royalty under Article 12 of India Japan DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-India-Japan-DTAA-Article-12-of-India-Japan-DTAA-income-tax-updates-taxscan.jpg "Receipt of IUC charges cannot be taxed as Royalty under Article 12 of India Japan DTAA: ITAT [Read Order]")
Assessee demonstrates Reasonable Cause for Cash Loan Availment u/s 273 B: ITAT deletes Penalty u/s 271D [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the penalty under Section 271D of the Income Tax Act, 1961 emphasizing a reasonable cause for cash loan availment and...
![Assessee demonstrates Reasonable Cause for Cash Loan Availment u/s 273 B: ITAT deletes Penalty u/s 271D [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/demonstrates-Reasonable-Cause-Cash-Loan-Availment-us-273-B-ITAT-Penalty-us-271D-TAXSCAN.jpg "Assessee demonstrates Reasonable Cause for Cash Loan Availment u/s 273 B: ITAT deletes Penalty u/s 271D [Read Order]")