![Software being an integral part, shall be eligible for same rate of Depreciation as applicable to Computer System: ITAT grants relief to Caterpillar India [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Software-being-integral-part-same-rate-of-Depreciation-applicable-to-Computer-System-ITAT-grants-Caterpillar-India-TAXSCAN.jpg "Software being an integral part, shall be eligible for same rate of Depreciation as applicable to Computer System: ITAT grants relief to Caterpillar India [Read Order]")
Software being an integral part, shall be eligible for same rate of Depreciation as applicable to Computer System: ITAT grants relief to Caterpillar India [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) held that the software is an integral part of the computer system and shall be eligible...
![Corpus Donation collected from Parents of Students admitted in Schools are voluntary in nature: ITAT allows Exemption u/s.11 of I.T Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Corpus-Donation-parents-students-admitted-Schools-voluntary-nature-ITAT-exemption-I.T-Act-TAXSCAN.jpg "Corpus Donation collected from Parents of Students admitted in Schools are voluntary in nature: ITAT allows Exemption u/s.11 of I.T Act [Read Order]")
![Satisfaction note is Mandatory Requirement in case of Searched Person before Acquiring Jurisdiction u/s 153C of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Satisfaction-Mandatory-Requirement-in-case-of-Searched-Person-Acquiring-Jurisdiction-Income-Tax-Act-ITAT-TAXSCAN.jpg "Satisfaction note is Mandatory Requirement in case of Searched Person before Acquiring Jurisdiction u/s 153C of Income Tax Act: ITAT [Read Order]")
![Mere System Error is no basis for Disallowance: ITAT allows full Deduction to Assessee u/s 10AA after Re-computation by AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Mere-system-error-is-no-basis-for-disallowance-ITAT-allows-full-deduction-re-computation-by-AO-TAXSCAN.jpg "Mere System Error is no basis for Disallowance: ITAT allows full Deduction to Assessee u/s 10AA after Re-computation by AO [Read Order]")
Incidence of Tax for Joint Development Agreement is Different from Incidence of Tax for Subsequent Sale of Flats: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has ruled that the tax incidence for joint development agreements differs from the tax incidence for subsequent flat sales and observed...
![Incidence of Tax for Joint Development Agreement is Different from Incidence of Tax for Subsequent Sale of Flats: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Incidence-of-Tax-Joint-Development-Agreement-Different-from-Incidence-of-Tax-for-Subsequent-Sale-of-Flats-ITAT-TAXSCAN.jpg "Incidence of Tax for Joint Development Agreement is Different from Incidence of Tax for Subsequent Sale of Flats: ITAT [Read Order]")
Issuance of Cheque to Associate Concerns from OCC Account cannot be Construed as Diversion of WC Loan Fund: ITAT deletes addition of Rs. 79.15cr [Read Order]
The Chennai bench of Income Tax Appellate Tribunal (ITAT) observed that issuance of cheque to associate concerns from OCC account cannot be construed as diversion of working capital loan Fund. The...
![Issuance of Cheque to Associate Concerns from OCC Account cannot be Construed as Diversion of WC Loan Fund: ITAT deletes addition of Rs. 79.15cr [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Issuance-of-Cheque-Associate-Concerns-from-OCC-Account-Diversion-of-WC-Loan-Fund-Issuance-of-Cheque-to-Associate-Concerns-ITAT-deletes-addition-taxscan.jpg "Issuance of Cheque to Associate Concerns from OCC Account cannot be Construed as Diversion of WC Loan Fund: ITAT deletes addition of Rs. 79.15cr [Read Order]")
Rejection of Appeal by CIT(A) due to No Sufficient Cause on part of Assessee for Late Filing of Appeal: ITAT Set asides Order [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) quashed the order passed by the Commissioner of Income Tax (Appeals) for rejecting the appeal filed by the assessee due to mo sufficient...
![Rejection of Appeal by CIT(A) due to No Sufficient Cause on part of Assessee for Late Filing of Appeal: ITAT Set asides Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Rejection-Appeal-CITA-Sufficient-Cause-Assessee-Late-Filing-Appeal-ITAT-TAXSCAN.jpg "Rejection of Appeal by CIT(A) due to No Sufficient Cause on part of Assessee for Late Filing of Appeal: ITAT Set asides Order [Read Order]")
![Private Religious Trusts not eligible for Registration u/s 12AA of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Private-Religious-Trusts-Registration-Income-Tax-Act-Income-Tax-ITAT-taxscan.jpg "Private Religious Trusts not eligible for Registration u/s 12AA of Income Tax Act: ITAT [Read Order]")
Valid Satisfaction required to Initiate Re-Opening of Assessment u/s 148 of Income Tax Act: ITAT [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) recently held that the valid satisfaction is required to initiate reopening of assessment under section148 of Income Tax Act. The...
![Valid Satisfaction required to Initiate Re-Opening of Assessment u/s 148 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Satisfaction-Re-Opening-of-Assessment-Income-Tax-Act-ITAT-TAXSCAN.jpg "Valid Satisfaction required to Initiate Re-Opening of Assessment u/s 148 of Income Tax Act: ITAT [Read Order]")
![TDS Not Applicable to Payments made to Non-Residents: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/TDS-Payments-Non-Residence-ITAT-TAXSCAN.jpg "TDS Not Applicable to Payments made to Non-Residents: ITAT [Read Order]")
Tax Exemption can’t be allowed in the absence of Evidence substantiating Claim of Reimbursement of Expense as Cost to Cost Basis: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that tax exemption can’t be allowed in the absence of evidence substantiating the claim of reimbursement of expense on a...
![Tax Exemption can’t be allowed in the absence of Evidence substantiating Claim of Reimbursement of Expense as Cost to Cost Basis: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Tax-Exemption-absence-of-Evidence-Reimbursement-of-Expense-Cost-ITAT-Income-Tax-taxscan-.jpg "Tax Exemption can’t be allowed in the absence of Evidence substantiating Claim of Reimbursement of Expense as Cost to Cost Basis: ITAT [Read Order]")