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No Records to prove the Trust Charges Nominal Fee from Weaker Sections to claim Tax Exemption: ITAT directs Re-adjudication
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) directed for re-adjudication as there were no records to prove that the trust charges a...
![Depositing Unutilized Capital Gain in Deposit Account Scheme: ITAT grants Capital Gain Exemption [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Capital-Gain-Deposit-Scheme-ITAT-Capital-Gain-Exemption-TAXSCAN.jpg "Depositing Unutilized Capital Gain in Deposit Account Scheme: ITAT grants Capital Gain Exemption [Read Order]")
![ITAT orders Re-examination on Applicability of TDS u/s 195 of Income Tax Act on Payment made to Non-Residents [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/ITAT-Re-examination-Applicability-TDS-Income-Tax-Act-Payment-TAXSCAN.jpg "ITAT orders Re-examination on Applicability of TDS u/s 195 of Income Tax Act on Payment made to Non-Residents [Read Order]")
![Relief to CRI Group: Royalty paid to Holding Company for Using Brand Name Deductible from Total Income, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/CRI-Group-Royalty-Total-Income-ITAT-TAXSCAN.jpg "Relief to CRI Group: Royalty paid to Holding Company for Using Brand Name Deductible from Total Income, rules ITAT [Read Order]")
![Furniture and Maintenance Expenditure does not amount to Capital Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Furniture-and-Maintenance-Expenditure-does-not-amount-to-Capital-Expenditure-ITAT-TAXSCAN.jpg "Furniture and Maintenance Expenditure does not amount to Capital Expenditure: ITAT [Read Order]")
Provision for Warranty Expenses is ascertained liability, allowable as Business Expenditure: ITAT [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) has held that the provision for Warranty Expenses is ascertained liability and is allow able as business expenditure. M/s.Trivitron...
![Provision for Warranty Expenses is ascertained liability, allowable as Business Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Provision-for-Warranty-Expenses-is-ascertained-liability-allowable-as-Business-Expenditure-ITAT-TAXSCAN.jpg "Provision for Warranty Expenses is ascertained liability, allowable as Business Expenditure: ITAT [Read Order]")
![Purchase of Windmill and Capitalisation in Books of Account: ITAT allows Depreciation [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Windmill-Capitalisation-ITAT-Depreciation-TAXSCAN.jpg "Purchase of Windmill and Capitalisation in Books of Account: ITAT allows Depreciation [Read Order]")
![Capital Gain Exemption u/s 54 Allowable to More than One Residential Houses: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Capital-Gain-Exemption-Residential-Houses-ITAT-taxscan.jpg "Capital Gain Exemption u/s 54 Allowable to More than One Residential Houses: ITAT [Read Order]")
![Revisional Order u/s 263 cant be Simply on Assumption: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Revisional-order-ITAT-taxscan.jpeg "Revisional Order u/s 263 cant be Simply on Assumption: ITAT [Read Order]")
![ITAT directs to Re-Consider Warranty Claim by MRF Tyres [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/ITAT-Re-Consider-Warranty-Claim-MRF-Tyres-TAXSCAN.jpg "ITAT directs to Re-Consider Warranty Claim by MRF Tyres [Read Order]")
No Disallowance of Expenses can be made for Exempt Income u/s 14A r/w Rule 8D of IT Rules while Computing Book Profit: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai held that No disallowance of expenses can be made for exempt income u/s 14A of The Income Tax Act, 1961 and Rule 8D of Income Tax Rules,1962 while...
![No Disallowance of Expenses can be made for Exempt Income u/s 14A r/w Rule 8D of IT Rules while Computing Book Profit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Disallowance-of-expenses-income-book-profit-ITAT-taxscan.jpg "No Disallowance of Expenses can be made for Exempt Income u/s 14A r/w Rule 8D of IT Rules while Computing Book Profit: ITAT [Read Order]")
Reasonable opportunity not given before rejecting the claim u/s 80IA, Order by AIDT does not sustain: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Chennai Bench has held that the order by the AIDT will not sustain as it was rejecting the claim under section 80I A of the Income Tax Act,1961 without...
![Reasonable opportunity not given before rejecting the claim u/s 80IA, Order by AIDT does not sustain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/AIDT-ITAT-taxscan.jpg "Reasonable opportunity not given before rejecting the claim u/s 80IA, Order by AIDT does not sustain: ITAT [Read Order]")