![Disallowance of Deduction for Interest from Nationalized Bank u/s 80P(2)(a)(i): ITAT Remits Matter for Verification of Expenditure [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-Income-Tax-Appellate-Tribunal-Verification-of-Expenditure-Section-80P2ai-of-Income-Tax-Act-taxscan.jpg "Disallowance of Deduction for Interest from Nationalized Bank u/s 80P(2)(a)(i): ITAT Remits Matter for Verification of Expenditure [Read Order]")
Disallowance of Deduction for Interest from Nationalized Bank u/s 80P(2)(a)(i): ITAT Remits Matter for Verification of Expenditure [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) partly allowed the appeal filed by the assessee remitting the matter back to the...
![ITAT sets aside Ex-Parte addition of Rs. 29.5 lakh due to assessee’s Illness and Husbands Demise [Read Order]Â](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Chandigarh-Income-Tax-Ex-parte-order-by-ITAT-TAXSCAN.jpeg "ITAT sets aside Ex-Parte addition of Rs. 29.5 lakh due to assessee’s Illness and Husbands Demise [Read Order]Â")
Interest Income from SBI Investments not attributable to Business of Taxpayer, Not Eligible for Deduction u/s 80P (2)(a)(i) of Income Tax Act: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that interest income received on investments from State Bank of India ( SBI ) was not attributable to the business of the...
![Interest Income from SBI Investments not attributable to Business of Taxpayer, Not Eligible for Deduction u/s 80P (2)(a)(i) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Bangalore-Income-tax-Income-Tax-Act-State-Bank-of-India-SBI-taxscan.jpg "Interest Income from SBI Investments not attributable to Business of Taxpayer, Not Eligible for Deduction u/s 80P (2)(a)(i) of Income Tax Act: ITAT [Read Order]")
No Bar to Accepting Application u/s 7 of IBC filed within 3 years of OTS Proposal: NCLAT [Read Order]
The Principal Bench of the National Company Law Appellate Tribunal ( NCLAT ) has held that there is no bar to accepting applications under section 7 of the Insolvency Bankruptcy Code ( IBC ) filed...
ITAT Deletes disallowance of payment made on account of Forward Contract Loss incurred towards hedging Foreign Exchange Fluctuation Loss on FCNRB Loan Account [Read Order]
The Kolkata bench of Income Tax Appellate Tribunal (ITAT) deleted the disallowance of payment made on account of the Forward Contract Loss incurred towards hedging Foreign...
![ITAT Deletes disallowance of payment made on account of Forward Contract Loss incurred towards hedging Foreign Exchange Fluctuation Loss on FCNRB Loan Account [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/WhatsApp-Image-2024-05-09-at-3.03.51-PM.jpeg "ITAT Deletes disallowance of payment made on account of Forward Contract Loss incurred towards hedging Foreign Exchange Fluctuation Loss on FCNRB Loan Account [Read Order]")
Central Govt Permits to Export 9 Essential Goods to Maldives in 2024-25 Amidst Diplomatic Tensions [Read Notification]
The Central Government has permitted export of 9 essential goods to Maldives in 2024-25 under the bilateral trade agreement between Government of India and Government of Maldives. The government has...
DGFT updates RBI-Authorised Banks for Gold and Silver Imports in HBP: Check Authorised Banks Here [Read Notification]
The Directorate General of Foreign Trade ( DGFT ), vide public notice no. 54/2023 dated 28th March 2024 has amended the Handbook Procedures 2023 with respect to the import of gold and silver through...
