Aparna. M
Delhi HC rejects INC's Income Tax Appeal against Four-Year Reassessment
In a recent case the Delhi High Court rejected Indian National Congress’s Income Tax Appeal against four year reassessment 2017-2018, 2018-2019,...
![No ground to entertain Writ Petition where there is equally efficacious remedy available before ITAT: Kerala HC dismisses Writ Petition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/No-ground-to-entertain-Writ-Petition-efficacious-remedy-available-ITAT-Kerala-HC-writ-petition-taxscan.jpg "No ground to entertain Writ Petition where there is equally efficacious remedy available before ITAT: Kerala HC dismisses Writ Petition [Read Order]")
![No Disallowance on payments towards PF and ESI made before due date of filing Income Tax Return u/s 139(1) of Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/disallowance-payments-PF-and-ESI-Income-Tax-Return-us-1391-of-Act-ITAT-TAXSCAN.jpg "No Disallowance on payments towards PF and ESI made before due date of filing Income Tax Return u/s 139(1) of Act: ITAT [Read Order]")
![No Interest Cost cannot be claimed as Business Expenditure when borrowed amount utilized for making Investment in Shares: ITAT directs to recompute STCG from Shares [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-Mumbai-ITAT-Income-Tax-ITAT-ruling-on-interest-cost-Business-expenditure-and-shares-investment-Short-Term-Capital-Gains-Taxscan.jpg "No Interest Cost cannot be claimed as Business Expenditure when borrowed amount utilized for making Investment in Shares: ITAT directs to recompute STCG from Shares [Read Order]")
No TDS Deduction Required on Commission Income earned by Foreign Agents Outside India: ITAT deletes Disallowance [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ), after deleting the disallowance made by the assessing officer, held that Tax Deduction at Source ( TDS ) should not be deducted on...
![No TDS Deduction Required on Commission Income earned by Foreign Agents Outside India: ITAT deletes Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Ahmedabad-Income-Tax-TDS-TDS-Deduction-taxscan.jpg "No TDS Deduction Required on Commission Income earned by Foreign Agents Outside India: ITAT deletes Disallowance [Read Order]")
Liability of Directors continue even though after dissolving Company u/s 248(5) of Companies Act: ITAT upholds Notice u/s 148 of Income Tax Act [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) while upheld the notice issued under Section 148 of the Income Tax Act,1961 observed that liability of directors continues even though...
![Liability of Directors continue even though after dissolving Company u/s 248(5) of Companies Act: ITAT upholds Notice u/s 148 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Mumbai-Income-Tax-Liability-of-Directors-TAXSCAN.jpg "Liability of Directors continue even though after dissolving Company u/s 248(5) of Companies Act: ITAT upholds Notice u/s 148 of Income Tax Act [Read Order]")
ESOP Expenses are allowable expenditure u/s 37(1) of Income Tax Act: ITAT grants relief to HDFC Bank [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) held that Employee Stock Option Plan ( ESOP ) expenses are allowable expenditure under Section 37(1) of the Income Tax Act, 1961....
![ESOP Expenses are allowable expenditure u/s 37(1) of Income Tax Act: ITAT grants relief to HDFC Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Mumbai-Income-tax-HDFC-Bank-ESOP-taxscan.jpg "ESOP Expenses are allowable expenditure u/s 37(1) of Income Tax Act: ITAT grants relief to HDFC Bank [Read Order]")
ITAT deletes deduction claimed u/s 35(1)(ii) of Income Tax Act towards Donation made to ineligible Scientific Research Trust [Read Order]
The Ahmedabad bench Income Tax Appellate Tribunal ( ITAT ) deleted the deduction claimed under Section 35(1)(ii) of the Income Tax Act, 1961 towards donation made to the ineligible scientific...
![ITAT deletes deduction claimed u/s 35(1)(ii) of Income Tax Act towards Donation made to ineligible Scientific Research Trust [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Ahmedabad-Income-Tax-ITAT-on-donation-deduction-Donation-taxscan.jpg "ITAT deletes deduction claimed u/s 35(1)(ii) of Income Tax Act towards Donation made to ineligible Scientific Research Trust [Read Order]")
Bad Debts arising out of Business of Credit Card Services is part of Banking Activities: ITAT allows deduction claimed by HDFC Bank u/s 36(1)(vii) of Income Tax Act [Read Order]
The Mumbai bench, Income Tax Appellate Tribunal ( ITAT ) while allowing the deduction claimed by the HDFC Bank under Section 36(1)(vii) of the Income Tax Act, 1961 held that bead debts arising out of...
![Bad Debts arising out of Business of Credit Card Services is part of Banking Activities: ITAT allows deduction claimed by HDFC Bank u/s 36(1)(vii) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Mumbai-Income-tax-Income-tax-news-HDFC-Bank-Credit-card-services-taxscan.jpg "Bad Debts arising out of Business of Credit Card Services is part of Banking Activities: ITAT allows deduction claimed by HDFC Bank u/s 36(1)(vii) of Income Tax Act [Read Order]")
![ITAT directs Re adjudication with respect to Source Of Money Trail related to Unsecured Loan [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Bangalore-Income-Tax-Source-Of-Money-Trail-TAXSCAN.jpg "ITAT directs Re adjudication with respect to Source Of Money Trail related to Unsecured Loan [Read Order]")