![Mere Delay in Filing Form No. 67 U/R 128(9) not a Ground to Deny Foreign Tax Credit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Delay-in-Filing-Form-No.-67-Filing-Form-No.-67-Foreign-Tax-Credit-ITAT-taxscan.jpg "Mere Delay in Filing Form No. 67 U/R 128(9) not a Ground to Deny Foreign Tax Credit: ITAT [Read Order]")
Mere Delay in Filing Form No. 67 U/R 128(9) not a Ground to Deny Foreign Tax Credit: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has recently, in an appeal filed before it, held that mere delay in filing form no.6 u/r 128...
![Interest u/s 234A cannot be Levied If Income Tax Return filed within Due Date: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Income-Tax-Return-ITAT-TAXSCAN.jpg "Interest u/s 234A cannot be Levied If Income Tax Return filed within Due Date: ITAT [Read Order]")
![No Interest Leviable on Joint Venture Company for filing ITR and Form 3CEB on Last Date of Return filing: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/No-Interest-ITR-Form-3CEB-Return-ITAT-TAXSCAN.jpg "No Interest Leviable on Joint Venture Company for filing ITR and Form 3CEB on Last Date of Return filing: ITAT [Read Order]")
![Rule 128(9) Disallowing FTC in case of Delay in filing Form 67 Contrary to Indo-USA DTAA, Shall be Read Down: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/FTC-case-of-Delay-filing-Form-67-Form-67-Indo-USA-DTAA-ITAT-Income-Tax-taxscan-.jpg "Rule 128(9) Disallowing FTC in case of Delay in filing Form 67 Contrary to Indo-USA DTAA, Shall be Read Down: ITAT [Read Order]")
![Furnishing Audit Report along with Income Tax Return: ITAT allows Deduction u/s 11(1)(a) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Audit-Report-Income-Tax-Return-ITAT-Deduction-taxscan.jpg "Furnishing Audit Report along with Income Tax Return: ITAT allows Deduction u/s 11(1)(a) [Read Order]")
Assessee failed to Prove Audit Books under any Law, clause (a)(ii) of Section 139(1) of Income Tax Act not applicable: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the assessee failed to prove the audit books under any law and clause (a)(ii) of section 139(1) of the Income Tax Act,1961...
![Assessee failed to Prove Audit Books under any Law, clause (a)(ii) of Section 139(1) of Income Tax Act not applicable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Audit-book-Law-Income-Tax-Act-ITAT-taxscan.jpg "Assessee failed to Prove Audit Books under any Law, clause (a)(ii) of Section 139(1) of Income Tax Act not applicable: 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 Profit & Loss account is not liable to tax. ...
![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]")
No Addition u/s 69 of Income Tax Act when Cash Deposit, genuinely made in Bank Account: ITAT [Read Order]
A Division Bench of the Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench held that no addition can be made under Section 69 of the Income Tax Act, 1961 when cash deposit, genuinely made in bank...
![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]
The Delhi High Court has held that the addition of unexplained cash based on a single document is not permissible. The Revenue challenged the order dated 05th October 2018 passed by Income Tax...
![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]")