![80P Deduction cannot be claimed beyond due date of ITR Filing u/s 139(1): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/80P-Deduction-claimed-ITR-Filing-us-1391-ITAT-TAXSCAN.jpg "80P Deduction cannot be claimed beyond due date of ITR Filing u/s 139(1): ITAT [Read Order]")
80P Deduction cannot be claimed beyond due date of ITR Filing u/s 139(1): ITAT [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) ruled that the deduction under section 80P cannot be claimed in Income Tax Return...
![Taxpayer is Eligible for Deduction u/s 80IA (4) for Operating and Maintaining Infrastructure Facility: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Taxpayer-Deduction-Operating-and-Maintaining-Infrastructure-Facility-ITAT-taxscan.jpg "Taxpayer is Eligible for Deduction u/s 80IA (4) for Operating and Maintaining Infrastructure Facility: ITAT [Read Order]")
![ITAT sets aside Penalty u/s 271 (1)(c) as Demonstrates Sufficient Cause for 326 Day Delay in Quantum Appeal and 1 Delay in Penalty Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-Penalty-Demonstrates-Sufficient-Cause-Quantum-Appeal-Penalty-Appeal-taxscan.jpg "ITAT sets aside Penalty u/s 271 (1)(c) as Demonstrates Sufficient Cause for 326 Day Delay in Quantum Appeal and 1 Delay in Penalty Appeal [Read Order]")
![ITAT Remands Case to AO after CIT (A) Rejects ITR and other Documents Linked to Unexplained Cash Credits from Relatives [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-AO-CIT-A-ITR-Unexplained-Cash-Credits-from-Relatives-thaxscan.jpg "ITAT Remands Case to AO after CIT (A) Rejects ITR and other Documents Linked to Unexplained Cash Credits from Relatives [Read Order]")
![No Nexus Between Borrowed Funds and Tax-Exempt Investments: ITAT quashes s.14A Disallowance under Income Tax [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Nexus-Borrowed-Funds-Tax-Exempt-Investments-ITAT-Disallowance-Income-Tax-taxscan.jpeg "No Nexus Between Borrowed Funds and Tax-Exempt Investments: ITAT quashes s.14A Disallowance under Income Tax [Read Order]")
No Ingredients to Invoke Reassessment u/s 147 IT Act: Bombay HC quashes Reassessment Notices [Read Order]
The Bombay High Court of Judicature quashed the reassessment Notices issued by Income Tax Authorities demanding the reassessment under section 147 of the Income Tax Act, 1961. The court finds no...
![No Ingredients to Invoke Reassessment u/s 147 IT Act: Bombay HC quashes Reassessment Notices [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Reassessment-147-IT-Act-Bombay-HC-Reassessment-Notices-taxscan.jpg "No Ingredients to Invoke Reassessment u/s 147 IT Act: Bombay HC quashes Reassessment Notices [Read Order]")
AO Conducted Proper Inquiry into S.80P Deduction Claim by Co-Op Society: ITAT quashes Revision Order [Read Order]
The Income Tax Appellate Tribunal (ITAT) of Ahmedabad in a recent case allowed a deduction claim made by a Co-operative Society under Section 80P(2)(d) of the Income Tax Act, 1961 (ITA) related...
![AO Conducted Proper Inquiry into S.80P Deduction Claim by Co-Op Society: ITAT quashes Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/AO-Deduction-Claim-Co-Op-Society-ITAT-Revision-Order-taxscan.jpg "AO Conducted Proper Inquiry into S.80P Deduction Claim by Co-Op Society: ITAT quashes Revision Order [Read Order]")
![ITAT Rejects Allegation of Fabricated LTCG, Validates Sale Price of Unquoted Shares [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-Fabricated-LTCG-Sale-Price-Unquoted-Shares-taxscan.jpg "ITAT Rejects Allegation of Fabricated LTCG, Validates Sale Price of Unquoted Shares [Read Order]")
No Addition u/s 68 in Partnership Firm’s Hands if Credit is in Partner’s Capital Account: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) ruled that no addition is permissible under Section 68 of the Income Tax Act, 1961, in the hands of the partnership firm but can only...
![No Addition u/s 68 in Partnership Firm’s Hands if Credit is in Partner’s Capital Account: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Addition-Partnership-Firm-Capital-Account-ITAT-taxscan.jpeg "No Addition u/s 68 in Partnership Firm’s Hands if Credit is in Partner’s Capital Account: ITAT [Read Order]")
Co-operative Societies Offering Credit to its Members Eligible for Deductions u/s 80P(2)(a)(i): ITAT [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that co-operative societies providing credit to their members are eligible for deductions under Section 80P(2)(a)(i) of the Income...
![Co-operative Societies Offering Credit to its Members Eligible for Deductions u/s 80P(2)(a)(i): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Banglaore-Income-Tax-Cooperative-societies-tax-deductions-Cooperative-societies-taxscan.jpg "Co-operative Societies Offering Credit to its Members Eligible for Deductions u/s 80P(2)(a)(i): ITAT [Read Order]")
ITAT Dismisses Appeal, Directs CIT (E) to Resolve Fresh Form 10 AB Application for Section 80 G (5) Trust Registration [Read Order]
In a recent, judgement, The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has dismissed the appeal and directed the Commissioner of Income Tax ( Exemption ) CIT (E) to address the new...
![ITAT Dismisses Appeal, Directs CIT (E) to Resolve Fresh Form 10 AB Application for Section 80 G (5) Trust Registration [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-Appeal-Form-10-AB-Application-Trust-Registration-taxscan.jpeg "ITAT Dismisses Appeal, Directs CIT (E) to Resolve Fresh Form 10 AB Application for Section 80 G (5) Trust Registration [Read Order]")
Writ Petition against NBFC u/s 14(2) SARFAESI Act not maintainable: Delhi HC suggests DRT Approach [Read Order]
The Delhi High Court disposed the Writ Petition against Non-Banking Financial Company (NBFC) under section 14(2) of the Securitization and Reconstruction of Financial Assets and Enforcement of...
