Sponsored
    Follow Us:

ITAT Bangalore

TDS Credit Available in Year Income Reported, Cannot be Deferred to Other Years

February 26, 2024 1665 Views 0 comment Print

Explore the ITAT Bangalore ruling in DCIT vs Cicon Engineers regarding TDS credit, income taxation, and assessment for the year 2017-18. Full order analysis included.

Service tax not paid before return due date disallowable under section 43B

February 20, 2024 2631 Views 0 comment Print

Explore the ITAT Bangalore decision in the Hubli Electricity Supply vs. DCIT Circle-1(1) case for the assessment year 2010-11. Analysis of TDS, service tax, and more.

Cost of funds for earning interest income, assessed under section 56 is allowable

February 20, 2024 651 Views 0 comment Print

Dive into the ITAT Bangalore judgment – Deepa Credit Co-op vs ITO. Learn about interest income, deduction claims, and the impact on the Assessment Year 2017-18.

ITAT: Interest from Co-op Banks Not Same as Co-op Society, Denies 80P(2)(d) Deduction

February 15, 2024 2076 Views 0 comment Print

ITAT Bangalore rules against deduction under section 80P for interest income from Co-operative Banks, impacting Bantwal Public Employees Consumers Society.

Section 68: Source of Cash Deposit Must Be Examined Before Addition

February 14, 2024 2622 Views 0 comment Print

In the landmark Mudhol Pattina Sahakari Sangh Niyamita vs. ACIT case, ITAT Bangalore held additions under Section 68 need examination of cash deposit source.

No Reassessment for AO’s Oversight Beyond Four Years: ITAT Bangalore

February 14, 2024 702 Views 0 comment Print

Understand the implications of non-deduction of TDS under section 195(1) of the Income Tax Act, resulting in proposed disallowance under section 40(a)(i) by ITAT Bangalore.

Section 80P(2)(d) Deductions for Statutorily Mandated Investments & Cost of Funds Entitlement

February 14, 2024 798 Views 0 comment Print

ITAT Bangalore remands S. K. Goldsmiths Co-operative Society Ltd.’s case for re-examination of deduction claim under section 80P(2)(d) related to interest from banks.

Rectification Proceedings under Section 154: Limited to Obvious Mistakes

February 14, 2024 2772 Views 0 comment Print

ITAT Bangalore rules on the scope of rectification under Section 154, emphasizing that only clear and obvious mistakes can be corrected, aiding the assessee.

Section 80P Deduction Conditional on Timely Claim in Return Filed U/s 139(1)

February 13, 2024 3228 Views 1 comment Print

Explore the ITAT Bangalore verdict on how the statutory deadline for filing returns affects eligibility for deductions under Section 80P, highlighting the case of Madhu Souharda Pathina Sahakari Niyamitha vs ITO.

Section 80P(2)(d) Deduction eligible on Interest Income of Co-Op Societies from Investments in Unlicensed Co-op Banks

February 13, 2024 1182 Views 0 comment Print

ITAT Bangalore rules in favor of Minority Co-op. Credit Society Ltd. on interest income deduction under section 80P(2)(d) from unlicensed co-op bank investments for AY 2017-18.

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