![Deduction u/s 80 P of Income Tax Act does not apply to Interest earned on FDRs from Bank of Baroda: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-Income-Tax-ITAT-Ahmedabad-Deduction-Bank-of-Baroda-Fixed-Deposit-Receipts-TAXSCAN.jpg "Deduction u/s 80 P of Income Tax Act does not apply to Interest earned on FDRs from Bank of Baroda: ITAT [Read Order]")
Deduction u/s 80 P of Income Tax Act does not apply to Interest earned on FDRs from Bank of Baroda: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) observed that deduction under Section 80 P of the Income Tax Act, 1961 does not...
![Survey cannot be based only for treating on-money when purchaser as well as registered sale documents state amount of purchase clearly without contradiction: ITAT deletes addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Survey-sale-documents-contradiction-ITAT-ITAT-deletes-addition-addition-income-tax-act-taxscan.jpg "Survey cannot be based only for treating on-money when purchaser as well as registered sale documents state amount of purchase clearly without contradiction: ITAT deletes addition [Read Order]")
![Leave Encashment of Employees Working in Department of Telecommunication Exempted u/s 10(10AA) Income Tax Act: ITAT deletes Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Leave-Encashment-employees-working-Department-Telecommunication-Income-Tax-Act-ITAT-disallowance-TAXSCAN.jpg "Leave Encashment of Employees Working in Department of Telecommunication Exempted u/s 10(10AA) Income Tax Act: ITAT deletes Disallowance [Read Order]")
![Interest u/s 24(b) of Income Tax Act allowable when Charging for Income Receivable and Income is Approved: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Interest-Income-Tax-Act-Charging-Income-Receivable-Income-Approved-ITAT-TAXSCAN.jpg "Interest u/s 24(b) of Income Tax Act allowable when Charging for Income Receivable and Income is Approved: ITAT [Read Order]")
![ITAT upholds Disallowance on Account of Failure to prove Long Term Capital Loss arises from Sale of Share Of Company [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/ITAT-disallowance-account-Failure-prove-Long-Term-Capital-Loss-Sale-Share-Company-taxscan.jpg "ITAT upholds Disallowance on Account of Failure to prove Long Term Capital Loss arises from Sale of Share Of Company [Read Order]")
Error In Sale of Share Transaction made by Broker of Assessee: ITAT Deletes Addition on Client Code Modification [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) held that error in the sale of share transaction made by the broker of the assessee hence deleted the addition on client code...
![Error In Sale of Share Transaction made by Broker of Assessee: ITAT Deletes Addition on Client Code Modification [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Error-Sale-Share-Transaction-Broker-Assessee-ITAT-Addition-Client-Code-Modification-TAXSCAN.jpg "Error In Sale of Share Transaction made by Broker of Assessee: ITAT Deletes Addition on Client Code Modification [Read Order]")
Voluntary Contribution received towards Corpus by an Unregistered Trust u/s 12A is Capital Receipt and doesn't amount to Tax: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) held that voluntary contribution received towards corpus by an unregistered trust under Section 12A of the Income Tax Act, 1961 is a...
![Voluntary Contribution received towards Corpus by an Unregistered Trust u/s 12A is Capital Receipt and doesnt amount to Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Voluntary-Contribution-Corpus-Unregistered-Trust-Capital-Receipt-amount-Tax-ITAT-TAXSCAN.jpg "Voluntary Contribution received towards Corpus by an Unregistered Trust u/s 12A is Capital Receipt and doesnt amount to Tax: ITAT [Read Order]")
Penalty Imposed u/s 271(1)(c) of Income Tax Act on Ground of Concealment of Income in ROI: ITAT Deletes Penalty [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) deleted the penalty imposed by the assessing officer under section 271(1)(c) of the Income Tax Act,1961 on the ground of concealment of...
![Penalty Imposed u/s 271(1)(c) of Income Tax Act on Ground of Concealment of Income in ROI: ITAT Deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Penalty-Income-Tax-Act-Income-Tax-Ground-of-Concealment-of-Income-in-ROI-Income-in-ROI-ROI-ITAT-Deletes-Penalty-ITAT-Penalty-Taxscan.jpg "Penalty Imposed u/s 271(1)(c) of Income Tax Act on Ground of Concealment of Income in ROI: ITAT Deletes Penalty [Read Order]")
ITAT Exempts Gold Donation of Religious Trust Towards Corpus Fund u/s 11(1)(d) of Income Tax Act [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has exempted gold donation of religious trust towards corpus funds under Section 11(1)(d) of the Income Tax Act 1961. The assessee,...
![ITAT Exempts Gold Donation of Religious Trust Towards Corpus Fund u/s 11(1)(d) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Gold-Donation-of-Religious-Trust-Towards-Corpus-Fund-of-Income-Tax-Act-ITAT-TAXSCAN.jpg "ITAT Exempts Gold Donation of Religious Trust Towards Corpus Fund u/s 11(1)(d) of Income Tax Act [Read Order]")
Interest Income from the Investments Made out of Reserve Fund Exempt u/s 80P(2)(a)(i): ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has held that interest income arising from the investment made out of reserve fund is exempted under Section 80P(2)(a)(i) of the Income Tax...
![Interest Income from the Investments Made out of Reserve Fund Exempt u/s 80P(2)(a)(i): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Interest-Income-from-the-Investments-Made-out-of-Reserve-Fund-Interest-Income-Investments-Reserve-Fund-Income-ITAT-Taxscan.jpg "Interest Income from the Investments Made out of Reserve Fund Exempt u/s 80P(2)(a)(i): ITAT [Read Order]")
Addition cannot be Solely Based on Statement of Director of Company during Survey without Independent Finding by AO: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Ahmedabad, has recently while deciding the appeals filed before it, held that addition cannot be made solely based on the statement of the director of a...
![Addition cannot be Solely Based on Statement of Director of Company during Survey without Independent Finding by AO: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Addition-Statement-Director-of-Company-Survey-AO-ITAT-Taxscan.jpg "Addition cannot be Solely Based on Statement of Director of Company during Survey without Independent Finding by AO: ITAT [Read Order]")
