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Archive: 06 March 2025

Posts in 06 March 2025

Interest & Other Income Attributable to Business eligible for Section 80P(2)(a)(i) Deduction

March 6, 2025 849 Views 0 comment Print

Karnataka HC remands Lalitamba Pattina Souharda Sahakari Niyamita’s case to AO, questioning denial of Section 80P deduction on interest income. Read details.

CESTAT orders without reasons are not sustainable: SC

March 6, 2025 471 Views 0 comment Print

The Supreme Court set aside the Tribunal’s order in Commissioner of Customs Vs. Lucky Steel Industries, citing lack of reasoning, and remanded the case for fresh consideration.

Section 10AA deduction Cannot Be Denied for Late Return in Absence of Explicit Filing Requirement

March 6, 2025 819 Views 0 comment Print

ITAT Delhi rules in favor of Arvind Kumar Agarwal, allowing Section 10AA deduction despite late return filing. Tribunal highlights absence of mandatory filing clause.

Lower Tax Rate Cannot Be Denied for Delay in Filing Form 10IC: ITAT Ahmedabad

March 6, 2025 1239 Views 0 comment Print

 ITAT Ahmedabad rules on Aprameya Engineering’s appeal against tax rate denial under Section 115BAA due to delayed Form 10-IC filing. Judicial precedents examined.

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