![ITAT allows Deduction as Amendment in Section 36(1) (va) only Applicable from April 1st Onwards [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-allows-Deduction-as-Amendment-in-Section-361-va-only-Applicable-TAXSCAN.jpg "ITAT allows Deduction as Amendment in Section 36(1) (va) only Applicable from April 1st Onwards [Read Order]")
ITAT allows Deduction as Amendment in Section 36(1) (va) only Applicable from April 1st Onwards [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) recently allowed the deduction due to amendment in Section 36(1)(va) of Income Tax Act,...
![Amount forfeited out of Share Capital is “Capital Receipt”, Not Taxable u/s 56(2)(ix) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Amount-forfeited-Share-Capital-Amount-forfeited-out-of-Share-Capital-Capital-Receipt-Taxable-Income-Tax-Act-ITAT-Income-Tax-taxscan.jpg "Amount forfeited out of Share Capital is “Capital Receipt”, Not Taxable u/s 56(2)(ix) of Income Tax Act: ITAT [Read Order]")
![SI Group India Eligible for Depreciation in respect of Technical Know-how and Embedded Process Technology: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/SI-Group-India-Depreciation-Income-Tax-ITAT-taxscan.jpg "SI Group India Eligible for Depreciation in respect of Technical Know-how and Embedded Process Technology: ITAT [Read Order]")
![Concluded Assessment/ Reassessment cannot be disturbed in Absence of Incriminating Material during Search: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Concluded-Assessment-Reassessment-Absence-of-Incriminating-Material-Incriminating-Material-Incriminating-Material-during-Search-Income-Tax-ITAT-taxscan.jpg "Concluded Assessment/ Reassessment cannot be disturbed in Absence of Incriminating Material during Search: ITAT [Read Order]")
Voluntarily Disallowance of CSR Expenditure u/s 37(1) by Assessee: ITAT deletes Income Tax Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), deleted addition on the ground that there was voluntary disallowance of CSR under Section 37(1) of the Income Tax Act, 1961 by the assessee, Agappe...
![Voluntarily Disallowance of CSR Expenditure u/s 37(1) by Assessee: ITAT deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Disallowance-CSR-Expenditure-Assessee-ITAT-Income-Tax-Addition-taxscan.jpg "Voluntarily Disallowance of CSR Expenditure u/s 37(1) by Assessee: ITAT deletes Income Tax Addition [Read Order]")
Entire expenses claimed as Compensation and Tenant Payment not to be capitalised as WIP: ITAT orders Fresh Examination [Read Order]
The Income Tax Appellate Tribunal (ITAT), ordered a fresh examination on the consideration that Entire expenses claimed as Compensation and Tenant Payment are not to be capitalized as WIP (Work In...
![Entire expenses claimed as Compensation and Tenant Payment not to be capitalised as WIP: ITAT orders Fresh Examination [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Compensation-Tenant-Payment-WIP-ITAT-fresh-examination-taxscan.jpeg "Entire expenses claimed as Compensation and Tenant Payment not to be capitalised as WIP: ITAT orders Fresh Examination [Read Order]")
If Booking of Flat to be Constructed in future is treated as 'Transfer', Notional Value of the Same shall be allowable as Capital Gain Exemption: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that if the booking of a flat which is to be constructed in a future time is treated as “transfer” for the purpose of computing...
![If Booking of Flat to be Constructed in future is treated as Transfer, Notional Value of the Same shall be allowable as Capital Gain Exemption: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Transfer-Notional-Value-Capital-Gain-Exemption-ITAT-taxscan.jpg "If Booking of Flat to be Constructed in future is treated as Transfer, Notional Value of the Same shall be allowable as Capital Gain Exemption: ITAT [Read Order]")
Relief to Megger India: Income Tax Dept to re-consider disallowance of availing of Intra-Group Services [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench, while granting relief to Megger India has directed the Assessing Officer to re-consider the disallowance of availing of intra-group services. ...
![Relief to Megger India: Income Tax Dept to re-consider disallowance of availing of Intra-Group Services [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/09/Megger-India-Income-Tax-Dept-intra-group-services-Taxscan.jpg "Relief to Megger India: Income Tax Dept to re-consider disallowance of availing of Intra-Group Services [Read Order]")
Provisions relating to Book Profit not applicable when there is No Income Tax payable on Normal provisions of the Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench ruled that the provisions relating to Book Profit not applicable when there is no income tax payable on the normal provisions of the Act. The...
![Provisions relating to Book Profit not applicable when there is No Income Tax payable on Normal provisions of the Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Provisions-Book-Profit-income-tax-normal-provisions-of-the-Act-ITAT-Taxscan.jpg "Provisions relating to Book Profit not applicable when there is No Income Tax payable on Normal provisions of the Act: ITAT [Read Order]")