Deduction on Income for Providing Credit Facilities by Co-Operative Society on Demonstration of Maintaining Funds as per Karnataka Souharda Sahakari Act, 1997: ITAT Orders Re-adjudication
The Bangalore Bench of Income Tax Appellate Tribual (ITAT) held that deduction on income for providing credit facilities by co-operative society to...
![Failure to comply with Notice issued by FAA to E-Mail of assessee due to lack of knowledge in operation of online Computer Service: ITAT directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Failure-comply-Failure-to-comply-with-Notice-issued-by-FAA-FAA-ITAT-taxscan.jpg "Failure to comply with Notice issued by FAA to E-Mail of assessee due to lack of knowledge in operation of online Computer Service: ITAT directs Re-adjudication [Read Order]")
![ITAT deletes late fee levied on Belatedly filed TDS before Amendment in Section 234 E of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-deletes-late-fee-levied-Belatedly-filed-TDS-Amendment-Income-Tax-Act-TAXSCAN.jpg "ITAT deletes late fee levied on Belatedly filed TDS before Amendment in Section 234 E of Income Tax Act [Read Order]")
![Relief to Wipro: ITAT Quashes Order of AO Disallowing Interest Expenditure and Orders Re-computation of Deduction u/s 10AA of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Relief-Wipro-ITAT-AO-Disallowing-Interest-Expenditure-Orders-Re-computation-Deduction-Income-Tax-Act-TAXSCAN.jpg "Relief to Wipro: ITAT Quashes Order of AO Disallowing Interest Expenditure and Orders Re-computation of Deduction u/s 10AA of Income Tax Act [Read Order]")
LLP receiving share of Profit from other Partnership Firm eligible for Income Tax Exemption u/s 10(2A): ITAT [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal (ITAT) has held that Limited Liability Partnership (LLP) receiving share of profit from other firms shall be eligible for income tax exemption...
![LLP receiving share of Profit from other Partnership Firm eligible for Income Tax Exemption u/s 10(2A): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/LLP-share-Profit-from-Partnership-Income-Tax-ITAT-TAXSCAN-1.jpg "LLP receiving share of Profit from other Partnership Firm eligible for Income Tax Exemption u/s 10(2A): ITAT [Read Order]")
Habitual Default of Non-filing of Income Tax Returns despite having Taxable Income: ITAT Upholds Penalty [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has held that the non-filing of income tax returns for a period of four years despite having taxable income would attract penalty under...
![Habitual Default of Non-filing of Income Tax Returns despite having Taxable Income: ITAT Upholds Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Habitual-Income-Tax-Returns-Taxable-Income-ITAT-Penalty-TAXSCAN.jpg "Habitual Default of Non-filing of Income Tax Returns despite having Taxable Income: ITAT Upholds Penalty [Read Order]")
![Cash deposited during Demonetization period: ITAT directs Assessment as per CBDT guidelines [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Cash-deposited-Demonetization-ITAT-Assessment-CBDT-guidelines-TAXSCAN.jpg "Cash deposited during Demonetization period: ITAT directs Assessment as per CBDT guidelines [Read Order]")
No proof that Assessee has not earned any Exempt Income for relevant Assessment Year: ITAT restores matter to AO [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT), restored matter to the Assessing Officer (AO), as there was no proof that assessee has not earned any exempt income for relevant...
![No proof that Assessee has not earned any Exempt Income for relevant Assessment Year: ITAT restores matter to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/proof-Assessee-Exempt-Income-relevant-Assessment-ITAT-restores-matter-AO-TAXSCAN.jpeg "No proof that Assessee has not earned any Exempt Income for relevant Assessment Year: ITAT restores matter to AO [Read Order]")
![Relief to Conduent Services: ITAT directs to apply MAP rate on Transactions [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Conduent-Services-ITAT-MAP-Transactions-TAXSCAN.jpg "Relief to Conduent Services: ITAT directs to apply MAP rate on Transactions [Read Order]")
![Demand of Late Fee u/s. 234E on TDS Default before 01/06/2015 not sustainable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Demand-of-Late-Fee-TDS-sustainable-ITAT-TAXSCAN.jpg "Demand of Late Fee u/s. 234E on TDS Default before 01/06/2015 not sustainable: ITAT [Read Order]")
Capital Gain does not attract in case of permissive Possession in Immovable Property, not Taxable: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench consisting of Beena Pillai, Judicial Member, and Laxmi Prasad Sahu, Accountant Member held that Capital Gain does not attract in case of...
![Capital Gain does not attract in case of permissive Possession in Immovable Property, not Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Capital-Gain-property-ITAT-taxscan.jpg "Capital Gain does not attract in case of permissive Possession in Immovable Property, not Taxable: ITAT [Read Order]")