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ITAT Allows Income Tax Deduction On Interest Income From Investment In Co-Operative Bank

The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has allowed the deduction under Section 80P(2)(d) of the Income Tax Act on the interest income from investments in cooperative banks.The bench. ....

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Deemed Dividend Is Taxable Only In The Hands Of The Shareholder: ITAT

The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has held that a deemed dividend is taxable only in the hands of the shareholder.The bench of Siddhartha Nautiyal (Judicial Member) and. ....

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Former Bombay High Court judge Justice CV Bhadang appointed President of Income Tax Appellate Tribunal

The appointments committee of the cabinet approved the proposal for Justice Bhadang's appointment in a note dated October 18, 2023 ....

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Cognizant: Cognizant moves Madras High Court against ITAT ruling on dividend tax

Cognizant, the IT major, has challenged a ruling by the Income Tax Appellate Tribunal (ITAT) in Madras that held the company liable for dividend distribution tax (DDT) on a ₹19,000 crore share buyback through a scheme of arrangement. ....

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Bombay High Court warns tax officers over delays in serving assessment orders on taxpayers

"We hope the CBDT would sensitize its officers so that they do not treat assessees in this manner . We think it is high time we start imposing substantial costs," the Bombay High Court said. ....

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