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![Unexplained Investment Addition Over Co-Owners Creditworthiness: ITAT Deletes It After Reassessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Unexplained-Investment-Unexplained-Investment-Addition-Co-Owners-Creditworthiness-Creditworthiness-ITAT-ITAT-Deletes-It-After-Reassessment-taxscan.jpg "Unexplained Investment Addition Over Co-Owners Creditworthiness: ITAT Deletes It After Reassessment [Read Order]")
Unexplained Investment Addition Over Co-Owner's Creditworthiness: ITAT Deletes It After Reassessment [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) deleted the unexplained investment addition of ₹33,92,975 after reassessment, holding that...
![[TAXSCAN 360] Uncovering Hidden Income Tax Advantages for Homeowners: Deductions u/s 80C and 80EE](https://www.taxscan.in/wp-content/uploads/2024/05/Income-Tax-Income-Tax-Advantages-Income-Tax-Advantages-for-Homeowners-Taxsacn.jpg "[TAXSCAN 360] Uncovering Hidden Income Tax Advantages for Homeowners: Deductions u/s 80C and 80EE")
![Municipal tax paid by society on behalf of flat owners is eligible for deduction u/s 24 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Municipal-tax-society-flat-owners-eligible-deduction-Income-Tax-Act-ITAT-taxscan.jpg "Municipal tax paid by society on behalf of flat owners is eligible for deduction u/s 24 of Income Tax Act: ITAT [Read Order]")
![Municipal Tax allowable as expenditure u/s 24 of Income Tax Act when Assessee paid proportionate Tax to Society: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Municipal-Tax-allowable-expenditure-Income-Tax-Act-Assessee-paid-proportionate-Tax-Society-ITAT-TAXSCAN.jpg "Municipal Tax allowable as expenditure u/s 24 of Income Tax Act when Assessee paid proportionate Tax to Society: ITAT [Read Order]")
![Interest on Loan of Leased portion of Building cannot be allowed as work-in-progress when eligible for Deduction u/s 24: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Interest-on-loan-loan-Interest-work-in-progress-deduction-ITAT-Taxscan.jpg "Interest on Loan of Leased portion of Building cannot be allowed as work-in-progress when eligible for Deduction u/s 24: ITAT [Read Order]")
Amortization of expenses on cost of Building Construction on Leasehold Land not Deductible from House Property Income: ITAT [Read Order]
The Bengaluru bench of the Income Tax Appellate Tribunal ( ITAT ), in a recent ruling held that the amount of amortization of cost of construction of building on leased land cannot be deducted from...
![Amortization of expenses on cost of Building Construction on Leasehold Land not Deductible from House Property Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/House-Property-Taxscan.jpg "Amortization of expenses on cost of Building Construction on Leasehold Land not Deductible from House Property Income: ITAT [Read Order]")