Sponsored
    Follow Us:

ITAT Bangalore

No section 271D penalty for Cash receipt if reasonable cause exist

July 4, 2024 957 Views 0 comment Print

Read the full text of the ITAT Bangalore order in Laxmilal Badolla Vs NFAC. Penalty under Sec 271D cancelled due to reasonable cause, detailed analysis and conclusion included.

Payment by Indian Entity to AE Abroad Not ‘FTS’ if No Technical Skill Provided: Bangalore ITAT

July 4, 2024 468 Views 0 comment Print

Learn how ITAT Bangalore ruled in favor of Herbalife India on technical service payments, clarifying FTS under India-USA DTAA. Detailed analysis and full judgment inside.

ITAT allows depreciation on amount paid exceeding net asset value

July 3, 2024 360 Views 0 comment Print

ITAT Bangalore rules in favor of DN Solutions, allowing depreciation claim on excess amount paid over net asset value. Learn about the detailed judgment.

Late Form 67 filing doesn’t invalidate foreign tax credit claim

June 27, 2024 1458 Views 0 comment Print

Explore the detailed analysis of Vinodkumar Lakshmipathi appeal against CIT(A) NFAC regarding foreign tax credit disallowance for AY 2018-19. Understand the implications and legal nuances.

Income Tax Addition cannot Be based Solely on unsubstantiated Loose Slips

June 25, 2024 1962 Views 0 comment Print

The ITAT Bangalore ruled that income tax additions can’t be based solely on unsubstantiated loose slips, emphasizing the need for corroborative material evidence.

Investment with co-operative bank eligible for Section 80P(2)(d) deduction  

June 21, 2024 1023 Views 0 comment Print

Explore the ITAT Bangalore ruling on Raythara Sahakari Sangha Ltd. vs. ITO, addressing the eligibility for deduction under Section 80P(2)(d) of the Income Tax Act.

ITAT allows section 80P(2)(d) deduction for interest income earned from cooperative banks

June 21, 2024 402 Views 0 comment Print

Discover the key rulings in the ITAT Bangalore’s judgment on Totgars’ Co-operative Sale Society Ltd. vs ACIT for the assessment years 2015-2018, focusing on section 80P(2)(d) deductions.

Section 80P(2)(d) deduction on interest/dividend income out of investments with co-op society

June 20, 2024 765 Views 0 comment Print

ITAT Bangalore rules on Tumkur City Credit Society vs ITO, confirming eligibility for deduction u/s 80P(2)(d) of the Income Tax Act. Case remitted to AO for review.

Interest from SBI Investments Ineligible for Section 80P(2)(a)(i) Deduction

June 16, 2024 627 Views 0 comment Print

ITAT Bangalore rules interest income from SBI investments not eligible for deduction under Section 80P. Full analysis of Farmers Coop Society vs ITO case.

Section 80P(2)(d) deduction not eligible on Interest Income from KDCC Bank

June 16, 2024 861 Views 0 comment Print

Read the detailed analysis of Laxminarayana Suvarna Credit Co-operative Society Ltd. Vs ITO (ITAT Bangalore) on the eligibility of interest income from KDCC Bank for deduction under Section 80P(2)(a)(i) of the Income Tax Act.

Sponsored
Sponsored
Search Post by Date
February 2025
M T W T F S S
 12
3456789
10111213141516
17181920212223
2425262728