![Co-operative Society providing Financial Accommodation to members without RBI License for Banking Business is eligible for Exemption u/s 80P(2)(a)(I): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/ITAT-Chennai-Co-operative-Society-Financial-Accommodation-members-RBI-License-Banking-Business-Exemption-ITAT-Taxscan.jpeg "Co-operative Society providing Financial Accommodation to members without RBI License for Banking Business is eligible for Exemption u/s 80P(2)(a)(I): ITAT [Read Order]")
Co-operative Society providing Financial Accommodation to members without RBI License for Banking Business is eligible for Exemption u/s 80P(2)(a)(I): ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai Bench has held that the cooperative society providing financial accommodation to members without...
![Delay due to Liquidation Proceedings constitute Reasonable Cause: ITAT directs CIT(A) to consider Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Liquidation-Proceedings-Reasonable-Cause-ITAT-CITA-taxscan.jpg "Delay due to Liquidation Proceedings constitute Reasonable Cause: ITAT directs CIT(A) to consider Appeal [Read Order]")
![Firm not Taxable for Capital introduced by Partner: ITAT deletes Addition u/s 68 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Firm-Capital-Partner-ITAT-Income-Tax-Act-section-68-Taxscan.jpg "Firm not Taxable for Capital introduced by Partner: ITAT deletes Addition u/s 68 of Income Tax Act [Read Order]")
![AO measured Municipal Limit as per Google Map Location: ITAT deletes Capital Gain Addition based on VAO Certificate [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/AO-Municipal-Limit-Google-Map-Location-ITAT-Capital-Gain-Addition-VAO-Certificate-Taxscan.jpeg "AO measured Municipal Limit as per Google Map Location: ITAT deletes Capital Gain Addition based on VAO Certificate [Read Order]")
Excess Expenditure incurred by Trust in earlier Assessment Year could be allowed to be set off against Income of subsequent years: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai Bench ruled that excess expenditure incurred by trust in earlier assessment year could be allowed to be set off against income of subsequent years. ...
![Excess Expenditure incurred by Trust in earlier Assessment Year could be allowed to be set off against Income of subsequent years: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/expenditure-trust-assessment-year-income-of-subsequent-years-ITAT-Taxscan.jpg "Excess Expenditure incurred by Trust in earlier Assessment Year could be allowed to be set off against Income of subsequent years: ITAT [Read Order]")
ITAT directs AO to allow Expenditure incurred at Head Office except director Salary against Interest Income [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai Bench directed AO to allow expenditure incurred at Head Office except for director salary against interest income. The assessee, M/s. The...
![ITAT directs AO to allow Expenditure incurred at Head Office except director Salary against Interest Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-AO-expenditure-interest-income-Taxscan.jpg "ITAT directs AO to allow Expenditure incurred at Head Office except director Salary against Interest Income [Read Order]")
Cash paid for Purchase excess than prescribed limit, Disallowance of total purchase U/s 40A(3) sustain: ITAT [Read Order]
Income Tax Appellate Tribunal (ITAT), Chennai bench has held that the disallowance of total purchase under section 40 A(3) will sustain when cash is paid for purchases over the prescribed limit and...
![Cash paid for Purchase excess than prescribed limit, Disallowance of total purchase U/s 40A(3) sustain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Cash-purchase-ITAT-taxscan.jpg "Cash paid for Purchase excess than prescribed limit, Disallowance of total purchase U/s 40A(3) sustain: ITAT [Read Order]")
![Mere Technical Lapses should not come in way of Taxpayers seeking justice: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/technical-lapses-tax-payer-justice-rules-ITAT-Taxscan.jpeg "Mere Technical Lapses should not come in way of Taxpayers seeking justice: ITAT [Read Order]")
Rural Advances consolidated and shown in Head Office Accounts are eligible for Deduction as Bad and Doubtful Debts u/s 36(1)(viia): ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai has held that rural advances consolidated and shown in Head office accounts are eligible for deduction as Bad and Doubtful Debts u/s 36(1)(viia). ...
![Rural Advances consolidated and shown in Head Office Accounts are eligible for Deduction as Bad and Doubtful Debts u/s 36(1)(viia): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Rural-Advances-Head-office-accounts-Deduction-Bad-and-Doubtful-Debts-ITAT-taxscan.jpg "Rural Advances consolidated and shown in Head Office Accounts are eligible for Deduction as Bad and Doubtful Debts u/s 36(1)(viia): ITAT [Read Order]")