CBDT’s Office Memo (Instr No.1914) does not Mandate 20% Remittance of Disputed Tax for Stay Application: Madras HC [Read Order]
In a recent ruling, the Madras High Court ruled that the Office Memorandum (Instruction No.1914) of the Central Board of Direct Taxes ( CBDT ) does...
![Non-Filing of ITR on Bonafide Belief of Exemption u/s 80P of Income Tax Act: Kerala HC directs to File ITR [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Non-Filing-ITR-on-Bonafide-Belief-Exemption-Income-Tax-Act-Kerala-HC-directs-File-ITR-TAXSCAN.jpg "Non-Filing of ITR on Bonafide Belief of Exemption u/s 80P of Income Tax Act: Kerala HC directs to File ITR [Read Order]")
![Non Filing of Income Tax Returns on belief of Exemption u/s 80P of Income Tax Act: Kerala HC directs to file ITR within 1 month [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Non-Filing-of-Income-Tax-Returns-Income-Tax-Returns-Income-Tax-Act-Income-Tax-Kerala-HC-taxscan.jpg "Non Filing of Income Tax Returns on belief of Exemption u/s 80P of Income Tax Act: Kerala HC directs to file ITR within 1 month [Read Order]")
Income Tax Deduction U/S80P cannot be denied on ground of Delay in Submitting Audit Report by Govt Auditor: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) he that CIT(A) was unjustified in denying right to claim deduction under Section 80P of the Income Tax Act on grounds of Government...
![Income Tax Deduction U/S80P cannot be denied on ground of Delay in Submitting Audit Report by Govt Auditor: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Income-Tax-Deduction-Income-Tax-Deduction-Delay-Govt-Auditor-ITAT-taxscan.jpg "Income Tax Deduction U/S80P cannot be denied on ground of Delay in Submitting Audit Report by Govt Auditor: ITAT [Read Order]")
CPC not within Jurisdiction to Disallow Deduction u/s 80P of Income Tax Act: ITAT Allows West Bengal Cooperative Society's Claim [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) has held that the Central Processing Centre (CPC) was not within its jurisdiction to disallow a deduction claimed by a West Bengal...
![CPC not within Jurisdiction to Disallow Deduction u/s 80P of Income Tax Act: ITAT Allows West Bengal Cooperative Societys Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/CPC-CPC-not-within-Jurisdiction-Jurisdiction-Disallow-Deduction-Income-Tax-Act-Income-Tax-ITAT-taxscan.jpg "CPC not within Jurisdiction to Disallow Deduction u/s 80P of Income Tax Act: ITAT Allows West Bengal Cooperative Societys Claim [Read Order]")
Income earned from Commercial Activity can't be claimed as a Deduction u/s 80P of Income Tax Act: ITAT dismisses Appeal [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) held that the income earned from commercial activity cannot be claimed as a deduction under Section 80P of the Income Tax Act, 1961. ...
![Income earned from Commercial Activity cant be claimed as a Deduction u/s 80P of Income Tax Act: ITAT dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-Deduction-Income-Tax-Act-Income-Income-earned-from-Commercial-Activity-income-tax-taxscan.jpg "Income earned from Commercial Activity cant be claimed as a Deduction u/s 80P of Income Tax Act: ITAT dismisses Appeal [Read Order]")
Interest Income from Deposits with Nationalized Bank is allowable for Deduction u/s. 80P(2)(a)(i) of I-T Act : ITAT [Read Order]
The Pune bench of Income Tax Appellate Tribunal (ITAT) has recently held that interest income earned from deposits kept with nationalized banks is allowable as deduction under Section...
![Interest Income from Deposits with Nationalized Bank is allowable for Deduction u/s. 80P(2)(a)(i) of I-T Act : ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Interest-Income-from-Deposits-with-Nationalized-Bank-is-allowable-for-Deduction-I-T-Act-ITAT.jpg "Interest Income from Deposits with Nationalized Bank is allowable for Deduction u/s. 80P(2)(a)(i) of I-T Act : ITAT [Read Order]")
Bonafide Belief of Interest Income on Bank Deposits Eligible for Deduction u/s 80P : ITAT Deletes Penalty u/s 271(1)(c) [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has deleted the penalty under Section 271(1)(c) of the Income Tax Act 1961, as the assessee had the bonafide belief of interest income on...
![Bonafide Belief of Interest Income on Bank Deposits Eligible for Deduction u/s 80P : ITAT Deletes Penalty u/s 271(1)(c) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Interest-Income-on-Bank-Deposits-Interest-Income-Bank-Deposits-Deduction-ITAT-ITAT-Deletes-Penalty-Penalty-taxscan.jpg "Bonafide Belief of Interest Income on Bank Deposits Eligible for Deduction u/s 80P : ITAT Deletes Penalty u/s 271(1)(c) [Read Order]")
Interest Income from Investment in Cooperative Banks by Cooperative Societies Eligible for Deduction u/s 80P(2)(d): ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that the interest income received by cooperative societies from investment made in the cooperative banks are eligible for deduction...
![Interest Income from Investment in Cooperative Banks by Cooperative Societies Eligible for Deduction u/s 80P(2)(d): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Interest-Income-from-Investment-Interest-Income-Cooperative-Banks-Cooperative-Societies-Deduction-ITAT-Cooperative-Societies-Eligible-for-Deduction-taxscan.jpg "Interest Income from Investment in Cooperative Banks by Cooperative Societies Eligible for Deduction u/s 80P(2)(d): ITAT [Read Order]")
![ITAT disallows Deduction under Section 80P Due to Late Submission of Return [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-disallows-Deduction-ITAT-disallows-Deduction-Late-Submission-of-Return-Submission-of-Return-taxscan.jpg "ITAT disallows Deduction under Section 80P Due to Late Submission of Return [Read Order]")