![No denial of Section 10AA Deduction Merely on filing Audit Report in Form 56F during Assessment Proceedings: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Section-10AA-Deduction-No-denial-of-Section-10AA-Deduction-Form-56F-Deduction-filing-Audit-Report-Audit-Report-Assessment-Proceedings-itat-taxscan.jpg "No denial of Section 10AA Deduction Merely on filing Audit Report in Form 56F during Assessment Proceedings: ITAT [Read Order]")
No denial of Section 10AA Deduction Merely on filing Audit Report in Form 56F during Assessment Proceedings: ITAT [Read Order]
The Ahmadabad bench of Income Tax Appellate Tribunal (ITAT) held that the Section 10AA Income Tax Act, 1961 deduction could not be denied merely on...
![Benefit of S. 10AA Allowable If Consideration in respect of Exports was Received in India or brought into India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Exports-ITAT-Income-Tax-taxscan-.jpg "Benefit of S. 10AA Allowable If Consideration in respect of Exports was Received in India or brought into India: ITAT [Read Order]")
![Income Tax Deduction u/s 10AA of Income Tax Act cannot be Availed without Tax Audit Report: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Income-Tax-Deduction-Income-Tax-Income-Tax-Act-Tax-Audit-Report-ITAT-Taxscan.jpg "Income Tax Deduction u/s 10AA of Income Tax Act cannot be Availed without Tax Audit Report: ITAT [Read Order]")
![Interest on Fixed Deposits being Attributable and Incidental to the Trading Business, Exemption Claimable u/s. 10AA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Interest-Fixed-Deposits-Business-ITAT-taxscan.jpg "Interest on Fixed Deposits being Attributable and Incidental to the Trading Business, Exemption Claimable u/s. 10AA: ITAT [Read Order]")
![Relief to Serum Institute of India, Benefit of deduction u/s 10AA cannot be denied merely on ground that Goods not Exported outside India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Serum-Institute-of-India-Corporate-Guarantee-Bank-Guarantees-ITAT-taxscan.jpg "Relief to Serum Institute of India, Benefit of deduction u/s 10AA cannot be denied merely on ground that Goods not Exported outside India: ITAT [Read Order]")
Absence of Materials in Support of Presumption, cannot be accepted: ITAT sets aside Income Tax Addition on Bogus Purchases [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench consisting of B.R. Baskaran, Accountant Member and Pavan Kumar Gadale, Judicial Member set aside addition on bogus purchases on the absence of...
![Absence of Materials in Support of Presumption, cannot be accepted: ITAT sets aside Income Tax Addition on Bogus Purchases [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/ITAT-Income-Tax-Addition-Bogus-Purchases-taxscan.jpg "Absence of Materials in Support of Presumption, cannot be accepted: ITAT sets aside Income Tax Addition on Bogus Purchases [Read Order]")
![Refunds cannot be withheld just to verify the claim for deduction u/s 10AA: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Refunds-claim-deduction-Delhi-HC-taxscan.jpg "Refunds cannot be withheld just to verify the claim for deduction u/s 10AA: Delhi HC [Read Order]")
Deduction Claim accepted in Previous Years can’t be denied on ground of mere changes in Business: Delhi HC [Read Judgment]
A division bench of the Delhi High Court has held that a claim for deduction under section 10AA of the Income Tax Act which was accepted in previous years cannot be denied later due to a mere change...
![Deduction Claim accepted in Previous Years can’t be denied on ground of mere changes in Business: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/12/Deduction-Taxscan.jpg "Deduction Claim accepted in Previous Years can’t be denied on ground of mere changes in Business: Delhi HC [Read Judgment]")
Failure to Enclose Worksheet of Deduction with Certificate of CA u/s 10AA of IT Act cannot be a reason for Re-Assessment: Delhi HC [Read Order]
While quashing a re-assessment order section 148 of the Income Tax Act, 1961 a division bench of the Delhi High Court held that mere failure to enclose working sheet of deduction along with...
![Failure to Enclose Worksheet of Deduction with Certificate of CA u/s 10AA of IT Act cannot be a reason for Re-Assessment: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/06/Delhi-High-Court-Tax-Scan-1.jpg "Failure to Enclose Worksheet of Deduction with Certificate of CA u/s 10AA of IT Act cannot be a reason for Re-Assessment: Delhi HC [Read Order]")
ITAT confirms Order allowing IT deduction u/s 10A and 10AA to EY without Set Off of Loss of Taxable unit [Read Order]
In a major relief to the Ernst & Young Pvt Ltd (EY), the Kolkata bench of the ITAT confirmed the original assessment order passed by the Assessing Officer allowing deduction under sections 10A and...
![ITAT confirms Order allowing IT deduction u/s 10A and 10AA to EY without Set Off of Loss of Taxable unit [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/05/Ernt-Young-EY-Taxscan.jpg "ITAT confirms Order allowing IT deduction u/s 10A and 10AA to EY without Set Off of Loss of Taxable unit [Read Order]")
Deduction u/s 10AA is Available to Exporters: Interest from FDs kept with Banks for is 'Business Income', rules ITAT Mumbai [Read Order]
In a significant ruling, the ITAT Mumbai bench held that Deduction under section 10AA of the Income Tax Act is available to Exporters for the reason that the term ‘services’ as used in section 10AA(9)...
![Deduction u/s 10AA is Available to Exporters: Interest from FDs kept with Banks for is Business Income, rules ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Deduction-Taxscan.jpg "Deduction u/s 10AA is Available to Exporters: Interest from FDs kept with Banks for is Business Income, rules ITAT Mumbai [Read Order]")
Depreciation is allowable on Professional & Legal Charges incurred by the assessee during takeover: ITAT Delhi [Read Order]
Recently, the Income Tax Appellate Tribunal, Delhi bench ruled that the assessee is entitled to get depreciation for the amount incurred by him on account of professional and legal charges while...
![Depreciation is allowable on Professional & Legal Charges incurred by the assessee during takeover: ITAT Delhi [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Depreciation-Taxscan.jpg "Depreciation is allowable on Professional & Legal Charges incurred by the assessee during takeover: ITAT Delhi [Read Order]")