![Deduction u/s 80IB of IT Act shall not be Allowable in Respect of Increase in Business Income due to Addition on Account of Concealed Production: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/IT-Act-shall-not-be-allowable-in-respect-of-increase-Business-Income-addition-on-account-of-Concealed-Production-ITAT-TAXSCAN.jpg "Deduction u/s 80IB of IT Act shall not be Allowable in Respect of Increase in Business Income due to Addition on Account of Concealed Production: ITAT [Read Order]")
Deduction u/s 80IB of IT Act shall not be Allowable in Respect of Increase in Business Income due to Addition on Account of Concealed Production: ITAT [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has recently held that deduction under Section 80IB of Income Tax Act, 1961 should not be...
![Disallowance u/s 14A of IT Act shall not exceeds limit of exempted income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/14A-of-IT-Act-shall-not-exceeds-limit-of-exempted-income-ITAT-TAXSCAN.jpg "Disallowance u/s 14A of IT Act shall not exceeds limit of exempted income: ITAT [Read Order]")
![No Addition can be made u/s 56(2)(x)(b) of IT Act if Allotment Letter issued for Purchase Property in Future: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/IT-Act-if-allotment-letter-issued-purchase-property-in-future-ITAT-TAXSCAN.jpg "No Addition can be made u/s 56(2)(x)(b) of IT Act if Allotment Letter issued for Purchase Property in Future: ITAT [Read Order]")
![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]")
![FCCB issue expenses included as part of FCCB Premium Expenses allowable as Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/FCCB-issue-expenses-included-as-part-of-FCCB-Premium-Expenses-ITAT-TAXSCAN.jpg "FCCB issue expenses included as part of FCCB Premium Expenses allowable as Deduction: ITAT [Read Order]")
No Disallowance of Foreign Travel expenses of Company Employees'Â Spouses accompanied on Official Tour: ITAT grants relief to Hindustan Unilever [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has recently held that foreign traveling expenses of the company employees spouses accompanied on an official tour should not be...
![No Disallowance of Foreign Travel expenses of Company Employees Spouses accompanied on Official Tour: ITAT grants relief to Hindustan Unilever [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/No-Disallowance-of-Foreign-Travel-expenses-of-Company-Employees-Spouses-accompanied-on-Official-Tour-ITAT-grants-relief-to-Hindustan-Unilever-TAXSCAN.jpg "No Disallowance of Foreign Travel expenses of Company Employees Spouses accompanied on Official Tour: ITAT grants relief to Hindustan Unilever [Read Order]")
Relief to Reliance Infrastructure Limited: ITAT directs AO to Grant Credit of TDS of Rs 40.43 Crores [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) directed the assessing officer to grant the credit of Tax deducted at source (TDS) of Rs. 40.43 crores to the Reliance Infrastructure Limited....
![Relief to Reliance Infrastructure Limited: ITAT directs AO to Grant Credit of TDS of Rs 40.43 Crores [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Relief-to-Reliance-Infrastructure-Limited-ITAT-TAXSCAN.jpg "Relief to Reliance Infrastructure Limited: ITAT directs AO to Grant Credit of TDS of Rs 40.43 Crores [Read Order]")
ITAT Denies Exemption u/s 10(23C)(vi) of Income Tax Act on not Existing Solely for Purposes of Education [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT), denied income tax exemption under Section 10(23C)(vi) of the Income Tax Act on not existing solely for purposes of education. The...
![ITAT Denies Exemption u/s 10(23C)(vi) of Income Tax Act on not Existing Solely for Purposes of Education [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-Denies-Exemption-Income-Tax-Act-on-not-Existing-Solely-for-Purposes-of-Education-ITAT-TAXSCAN.jpg "ITAT Denies Exemption u/s 10(23C)(vi) of Income Tax Act on not Existing Solely for Purposes of Education [Read Order]")
![Reasons recorded for Reassessment cannot be Substituted, Added, or Deleted: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Reasons-recorded-Reassessment-ITAT-TAXSCAN-1.jpeg "Reasons recorded for Reassessment cannot be Substituted, Added, or Deleted: ITAT [Read Order]")
Reliance on bald statement and dumb document extracted from Laptop: ITAT deletes Income Tax Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench deleted income tax disallowance as reliance was made by Assessing Officer (AO) on bald statement and dumb document extracted from laptop. The...
![Reliance on bald statement and dumb document extracted from Laptop: ITAT deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/dumb-document-Laptop-ITAT-Income-Tax-Addition-TAXSCAN.jpg "Reliance on bald statement and dumb document extracted from Laptop: ITAT deletes Income Tax Addition [Read Order]")
No TDS on Payment of Credit/Debit Card Commission to Domestic Banks: ITAT deletes Disallowance [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT), while quashing an order withholding of tax,has held that the provisions of TDS not applicable to the payment of credit/debit card...
![No TDS on Payment of Credit/Debit Card Commission to Domestic Banks: ITAT deletes Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/TDS-Payment-Credit-Debit-Card-Commission-Domestic-Banks-ITAT-Disallowance-TAXSCAN.jpg "No TDS on Payment of Credit/Debit Card Commission to Domestic Banks: ITAT deletes Disallowance [Read Order]")