Aparna. M
![Expenditure incurred on Shelved Projects are Revenue Expenditure: ITAT deletes Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-Mumbai-ITAT-Income-Tax-Revenue-Expenditure-Revenue-Expenditure-on-Shelved-Projects-ITAT-Decision-on-Project-Expenditure-Taxscan.jpg "Expenditure incurred on Shelved Projects are Revenue Expenditure: ITAT deletes Disallowance [Read Order]")
Expenditure incurred on Shelved Projects are Revenue Expenditure: ITAT deletes Disallowance [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) recently held that expenditure incurred on sheleed projects are revenue expenditure...
![No addition on account of Share Premium received in excess of FMV u/s 56(2)(viib) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/addition-Share-Premium-No-addition-on-account-of-Share-Premium-FMV-taxscan-1.jpg "No addition on account of Share Premium received in excess of FMV u/s 56(2)(viib) of Income Tax Act: ITAT [Read Order]")
![ITAT directs re-adjudication with respect to LTCG of sold property which canceled by Civil court [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-re-adjudication-LTCG-ITAT-directs-readjudication-with-respect-to-LTCG-Civil-court-taxscan.jpg "ITAT directs re-adjudication with respect to LTCG of sold property which canceled by Civil court [Read Order]")
![Hospital Building Construction Investment from Professional Receipts shall compute under Head of Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Chandigarh-Income-tax-Hospital-Investment-Head-of-Business-Income-Business-income-computation-Tax-for-hospital-construction-taxscan.jpg "Hospital Building Construction Investment from Professional Receipts shall compute under Head of Business Income: ITAT [Read Order]")
Expenses excluded from Export Turnover to be excluded from Total Turnover while computing Deduction u/s 10A of Act: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) of Mumbai bench held that expenses excluded from the export turnover are to be excluded from the total turnover while computing the deduction under Section...
![Expenses excluded from Export Turnover to be excluded from Total Turnover while computing Deduction u/s 10A of Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Mumbai-Income-Tax-Section-10A-of-Income-tax-act-Export-turnover-Tax-deduction-taxscan.jpg "Expenses excluded from Export Turnover to be excluded from Total Turnover while computing Deduction u/s 10A of Act: ITAT [Read Order]")
Income from Housing Finance for Non-Residential purposes not eligible for Deduction u/s 36(1)(viii) of Income Tax Act: ITAT [Read Order]
The Two member bench of Income Tax Appellate Tribunal (ITAT) of Mumbai ruled that Income From housing finance for non residential purposes not eligible for deduction under Section 36(1)(viii) of...
![Income from Housing Finance for Non-Residential purposes not eligible for Deduction u/s 36(1)(viii) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Income-Housing-Finance-Residential-purposes-deduction-us-361viii-Income-Tax-Act-ITAT-TAXSCAN.jpg "Income from Housing Finance for Non-Residential purposes not eligible for Deduction u/s 36(1)(viii) of Income Tax Act: ITAT [Read Order]")
ITAT directs Re adjudication on Deduction claiming Interest paid to Maharashtra State Cooperative Bank u/s 37(1) of Income Tax Act [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Pune bench directed readjudication on deduction claiming the interest paid to Maharashtra State Cooperative Bank under Section 37(1) of the Income Tax Act,...
![ITAT directs Re adjudication on Deduction claiming Interest paid to Maharashtra State Cooperative Bank u/s 37(1) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Pune-Income-Tax-Maharashtra-State-Cooperative-Bank-Tax-deduction-claims-taxscan.jpg "ITAT directs Re adjudication on Deduction claiming Interest paid to Maharashtra State Cooperative Bank u/s 37(1) of Income Tax Act [Read Order]")
ITAT directs to allows Expenditure towards commission payment made to Agents who relate to Business Expenses [Read Order]
The Two member bench of Income Tax Appellate Tribunal ( ITAT ) of Kolkata directed to allow expenditure towards the commission payment made to agents who relate to business expenses. The Assessee...
![ITAT directs to allows Expenditure towards commission payment made to Agents who relate to Business Expenses [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Kolkata-Income-Tax-Expenditure-TAXSCAN.jpg "ITAT directs to allows Expenditure towards commission payment made to Agents who relate to Business Expenses [Read Order]")
Income from Hotel related services provided to Indian Hotels not Royalty/FIS under Article 12 of India-USAÂ DTAA: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Delhi bench ruled that income from the hotel related services provided to Indian hotels is not royalty/Fee including service ( FIS ) under Article 12 of...
![Income from Hotel related services provided to Indian Hotels not Royalty/FIS under Article 12 of India-USAÂ DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-Tax-Income-from-Hotel-related-services-TAXSCAN.jpg "Income from Hotel related services provided to Indian Hotels not Royalty/FIS under Article 12 of India-USAÂ DTAA: ITAT [Read Order]")
No addition u/s 50C of IT Act when Income from Project of Redevelopment determined under PGBP: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Mumbai bench ruled that no addition shall be made under Section 50C of the Income Tax Act, 1961 when income from project of redevelopment determined under...
![No addition u/s 50C of IT Act when Income from Project of Redevelopment determined under PGBP: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-Mumbai-ITAT-Income-Tax-profit-and-gains-of-business-of-profession-PGBP-Income-Tax-Act-Taxscan.jpg "No addition u/s 50C of IT Act when Income from Project of Redevelopment determined under PGBP: ITAT [Read Order]")
![Non-Grant of TDS credit: ITAT directs re adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Mumbai-Income-Tax-TDS-TDS-credit-taxscan.jpg "Non-Grant of TDS credit: ITAT directs re adjudication [Read Order]")