![Non-filing of Form 27C: ITAT denies TCS Exemption u/s 206C to Seller [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Non-filing-of-Form-27C-ITAT-TCS-Exemption-Seller-Form-27C-taxscan.jpg "Non-filing of Form 27C: ITAT denies TCS Exemption u/s 206C to Seller [Read Order]")
Non-filing of Form 27C: ITAT denies TCS Exemption u/s 206C to Seller [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT), in its recent ruling held that the Assessing Officer (AO) and the Commissioner of Income...
![CIT(A) cant disallow a Claim of Business Loss in the Presence of Evidence: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/CITA-disallow-a-Claim-of-Business-Loss-in-the-Presence-of-Evidence-ITAT-TAXSCAN.jpg "CIT(A) cant disallow a Claim of Business Loss in the Presence of Evidence: ITAT [Read Order]")
![Income from Lease Charges on Multiplex is Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-tax-Lease-Charges-Multiplex-Business-Income-income-ITAT-taxscan.jpg "Income from Lease Charges on Multiplex is Business Income: ITAT [Read Order]")
![No Taxable Capital Gain from JDA: ITAT quashes revision order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/capital-gain-JDA-ITAT-revision-order-taxscan.jpg "No Taxable Capital Gain from JDA: ITAT quashes revision order [Read Order]")
![Interest Expenses which are in Nature of Rent Deposit cannot be Disallowed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Interest-Expense-Rent-Deposit-ITAT-taxscan.jpg "Interest Expenses which are in Nature of Rent Deposit cannot be Disallowed: ITAT [Read Order]")
Satisfactory Evidence as to Source of Cash Deposit: ITAT deletes Income Tax Addition of 6 lakhs [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad deleted addition of Six Lakhs as there was satisfactory evidence as to source of cash deposit. The sole issue in the present appeal relates to...
![Satisfactory Evidence as to Source of Cash Deposit: ITAT deletes Income Tax Addition of 6 lakhs [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Evidence-Cash-Deposit-ITAT-Income-Tax-Addition-taxscan.jpeg "Satisfactory Evidence as to Source of Cash Deposit: ITAT deletes Income Tax Addition of 6 lakhs [Read Order]")
Loan received represents Unexplained Cash Loan Credit Books of Accounts: ITAT deletes Addition of Rs 1 Crore [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench deleted addition of Rupees One Crore as Loan received represents unexplained cash loan credit books of accounts. The only issue raised by...
![Loan received represents Unexplained Cash Loan Credit Books of Accounts: ITAT deletes Addition of Rs 1 Crore [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Cash-Loan-Books-of-Accounts-ITAT-taxscan.jpeg "Loan received represents Unexplained Cash Loan Credit Books of Accounts: ITAT deletes Addition of Rs 1 Crore [Read Order]")
Interest on FDR can be treated as Income from Other Sources under Sec 56, If claim of 80P got rejected: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) comprising Shri P M Jagtap, vice president and Ms Suchitra Kamble, the judicial member has held that interest in FDR can be treated as...
![Interest on FDR can be treated as Income from Other Sources under Sec 56, If claim of 80P got rejected: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Interest-FDR-income-from-other-sources-ITAT-taxscan-1.jpg "Interest on FDR can be treated as Income from Other Sources under Sec 56, If claim of 80P got rejected: ITAT [Read Order]")
Trademark Registration Expenses to sell Products in Foreign Countries allowable as Business Expenditure: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that trademark registration expenses to sell products in foreign countries are allowable as business expenditure. During the...
![Trademark Registration Expenses to sell Products in Foreign Countries allowable as Business Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Trademark-Registration-Expenses-Products-Foreign-Countries-Business-Expenditure-ITAT-taxscan.jpg "Trademark Registration Expenses to sell Products in Foreign Countries allowable as Business Expenditure: ITAT [Read Order]")
Rural Agricultural Land acquired by Govt for Business Activity u/s 2(13) Eligible for Exemption: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has held that rural agricultural land acquired by Government for business activity u/s 2 (13) is eligible for Exemption. The assessee,...
![Rural Agricultural Land acquired by Govt for Business Activity u/s 2(13) Eligible for Exemption: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Rural-Agricultural-Land-Government-Business-Activity-Exemption-ITAT-Taxscan.jpeg "Rural Agricultural Land acquired by Govt for Business Activity u/s 2(13) Eligible for Exemption: ITAT [Read Order]")
Addition can’t be made on Evidence of Third Party without granting Cross-Examination to Assessee: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that the Addition cannot be made on evidence of third party without granting the cross-examination to the assessee. The assessee,...
![Addition can’t be made on Evidence of Third Party without granting Cross-Examination to Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/12/Evidence-Third-Party-Cross-Examination-Assessee-ITAT-Taxscan.jpg "Addition can’t be made on Evidence of Third Party without granting Cross-Examination to Assessee: ITAT [Read Order]")
Addition can't be made on Amount not yet received by Assessee for Non-fulfillment of obligations set out in Sale Deed: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench ruled that the addition can not be made on the amount not yet received by the assessee for non-fulfillment of obligations set out in the sale...
