![Principal Portion of Loan amount Waived by Lender Credited to P & L a/c is not liable to Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Principal-Portion-of-Loan-amount-Loan-amount-Profit-and-Loss-account-Lender-P-and-L-Tax-ITAT-taxscan.jpg "Principal Portion of Loan amount Waived by Lender Credited to P & L a/c is not liable to Tax: ITAT [Read Order]")
Principal Portion of Loan amount Waived by Lender Credited to P & L a/c is not liable to Tax: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the Principal Portion of the loan amount waived by lender credited to...
![No Addition u/s 69 of Income Tax Act when Cash Deposit, genuinely made in Bank Account: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Cash-Deposit-Bank-Account-Addition-Income-Tax-Act-ITAT-Income-Tax-taxscan.jpg "No Addition u/s 69 of Income Tax Act when Cash Deposit, genuinely made in Bank Account: ITAT [Read Order]")
![Income Tax Return Filed after Due Date under Section 80AC: ITAT denies Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-Tax-Return-Filed-after-Due-Date-under-Section-80AC-ITAT-denies-Deduction-TAXSCAN.jpg "Income Tax Return Filed after Due Date under Section 80AC: ITAT denies Deduction [Read Order]")
![Addition of Unexplained Cash based on Single Document is not permissible: Delhi HC upholds ITAT Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Unexplained-Cash-Single-Document-Delhi-High-Court-ITAT-Delhi-HC-upholds-ITAT-Order-taxscan.jpg "Addition of Unexplained Cash based on Single Document is not permissible: Delhi HC upholds ITAT Order [Read Order]")
Proper consideration of Raising Funds though FCCB into Convertible Bond of Ordinary Equity Shares: ITAT dismisses Appeal [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad dismissed appeal as proper consideration of raising funds though FCCB into convertible bond of ordinary equity shares. The assessee, M/s. ORG...
![Proper consideration of Raising Funds though FCCB into Convertible Bond of Ordinary Equity Shares: ITAT dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Funds-FCCB-Convertible-Bond-Equity-Shares-ITAT-Appeal-taxscan.jpeg "Proper consideration of Raising Funds though FCCB into Convertible Bond of Ordinary Equity Shares: ITAT dismisses Appeal [Read Order]")
Form No.67 is not mandatory but a directory requirement, Disallowance of FTC due to delay in filing the same not valid: ITAT [Read Order]
Form No.67 is not mandatory but a directory requirement, the Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has held that disallowance of FTC due to delay in filing the same is not...
![Form No.67 is not mandatory but a directory requirement, Disallowance of FTC due to delay in filing the same not valid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Form-No.67-directory-requirement-FTC-ITAT-taxscan.jpg "Form No.67 is not mandatory but a directory requirement, Disallowance of FTC due to delay in filing the same not valid: ITAT [Read Order]")
Addition of Capital Gain u/s 68 as Unexplained Cash Credit without incriminating material is not permissible: ITAT [Read Order]
The addition of capital gain under section 68 as unexplained cash credit without incriminating material is not permissible, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held as...
![Addition of Capital Gain u/s 68 as Unexplained Cash Credit without incriminating material is not permissible: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Capital-Gain-Unexplained-Cash-Credit-ITAT-taxscan.jpeg "Addition of Capital Gain u/s 68 as Unexplained Cash Credit without incriminating material is not permissible: ITAT [Read Order]")
Allegation of Non-Payment of Outstanding Liability before due date of filing Income Tax Returns: ITAT allows outstanding Bonus claims u/s 43B [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi allowed outstanding bonus claims under Section 43B when there was an Allegation of non-payment of outstanding liability before the due date of filing...
![Allegation of Non-Payment of Outstanding Liability before due date of filing Income Tax Returns: ITAT allows outstanding Bonus claims u/s 43B [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/liability-income-returns-ITAT-bonus-claims-taxscan.jpeg "Allegation of Non-Payment of Outstanding Liability before due date of filing Income Tax Returns: ITAT allows outstanding Bonus claims u/s 43B [Read Order]")
Income Tax Return: ICAI is not in favor of making Representation for Due Date Extension, says Chairman (DTC)
In a statement spreading on social media, the Chairman, Direct Taxes Committee of the Institute of Chartered Accountants of India (ICAI) has clarified that the Institute is not in favour of making...
High Court’s Appellate Jurisdiction is limited to the fact that Tribunal is the Final Fact-Finding Authority: Delhi HC [Read Order]
The Delhi High Court has dismissed the appeal against the deletion of income tax addition for share or bogus purchases or cash deposits and held that appeal under section 260A of Income Tax Act...
![High Court’s Appellate Jurisdiction is limited to the fact that Tribunal is the Final Fact-Finding Authority: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/High-Courts-Appellate-Jurisdiction-Tribunal-Fact-Finding-Authority-Delhi-HC-Taxscan.jpg "High Court’s Appellate Jurisdiction is limited to the fact that Tribunal is the Final Fact-Finding Authority: Delhi HC [Read Order]")
