Aparna. M
![AMP expenditure for Promotion and Marketing Products Manufactured by assessee not International Transaction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/AMP-expenditure-for-Promotion-and-Marketing-Products-AMP-expenditure-AMP-Promotion-and-Marketing-Products-Products-Manufactured-by-assessee-International-Transaction-ITAT-taxscan.jpg "AMP expenditure for Promotion and Marketing Products Manufactured by assessee not International Transaction: ITAT [Read Order]")
AMP expenditure for Promotion and Marketing Products Manufactured by assessee not International Transaction: ITAT [Read Order]
The Bangalore bench of Income Tax Appellate Tribunal (ITAT) has recently held that Advertising Marketing Price (AMP) expenditure incurred...
![No addition can be made on Sponsorship Contributions received from Friends and Relatives: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/No-addition-can-be-made-Sponsorship-Contributions-received-from-Friends-and-Relatives-ITAT-TAXSCAN.jpg "No addition can be made on Sponsorship Contributions received from Friends and Relatives: ITAT [Read Order]")
![Relief to Sabre Travel Network (India) : ITAT deletes Additions of Foreign Exchange Loss incurred from Marketing Services [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Sabre-Travel-Network-India-Sabre-ITAT-deletes-Additions-Foreign-Exchange-Loss-Marketing-Services-taxscan.jpg "Relief to Sabre Travel Network (India) : ITAT deletes Additions of Foreign Exchange Loss incurred from Marketing Services [Read Order]")
![No addition can be made on Absence of Corroborative and Supporting Evidence regarding Satakat found during survey of Third Party Business Premises: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Absence-of-Corroborative-and-Supporting-Evidence-survey-of-Third-Party-Business-Premises-ITAT-taxscan.jpg "No addition can be made on Absence of Corroborative and Supporting Evidence regarding Satakat found during survey of Third Party Business Premises: ITAT [Read Order]")
![ITAT deletes Addition made by disallowance of Interest Expenses accrued from Investment made in Shares and Securities [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-deletes-Addition-made-by-disallowance-of-Interest-Expenses-accrued-from-Investment-made-in-Shares-and-Securities-TAXSCAN.jpg "ITAT deletes Addition made by disallowance of Interest Expenses accrued from Investment made in Shares and Securities [Read Order]")
ITAT deletes Addition of Disallowance u/s 14A of Income Tax Act on Computation of Book Profit u/s 115JB [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has recently deleted and Addition of disallowance under Section 14A of Income Tax Act 1961 while computing book profit under Section 115JB...
![ITAT deletes Addition of Disallowance u/s 14A of Income Tax Act on Computation of Book Profit u/s 115JB [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-deletes-Addition-of-DisallowanceIncome-Tax-Act-on-Computation-of-Book-Profit-TAXSCAN.jpg "ITAT deletes Addition of Disallowance u/s 14A of Income Tax Act on Computation of Book Profit u/s 115JB [Read Order]")
![FCCB issue expenses included as part of FCCB Premium Expenses allowable as Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/FCCB-issue-expenses-included-as-part-of-FCCB-Premium-Expenses-ITAT-TAXSCAN.jpg "FCCB issue expenses included as part of FCCB Premium Expenses allowable as Deduction: ITAT [Read Order]")
ITAT upholds Penalty Levied u/s 271D of IT Act for Contravention of Section 269SS for Accepting Loan and Advances other than by way of Account Payee Cheques
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has recently upheld that penalty levied under section 271D of the Income Tax Act 1961 for contravention of Section 269SS of Income...
No Disallowance of Foreign Travel expenses of Company Employees'Â Spouses accompanied on Official Tour: ITAT grants relief to Hindustan Unilever [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has recently held that foreign traveling expenses of the company employees spouses accompanied on an official tour should not be...
![No Disallowance of Foreign Travel expenses of Company Employees Spouses accompanied on Official Tour: ITAT grants relief to Hindustan Unilever [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/No-Disallowance-of-Foreign-Travel-expenses-of-Company-Employees-Spouses-accompanied-on-Official-Tour-ITAT-grants-relief-to-Hindustan-Unilever-TAXSCAN.jpg "No Disallowance of Foreign Travel expenses of Company Employees Spouses accompanied on Official Tour: ITAT grants relief to Hindustan Unilever [Read Order]")
Interest Income from Deposits with Nationalized Bank is allowable for Deduction u/s. 80P(2)(a)(i) of I-T Act : ITAT [Read Order]
The Pune bench of Income Tax Appellate Tribunal (ITAT) has recently held that interest income earned from deposits kept with nationalized banks is allowable as deduction under Section...
![Interest Income from Deposits with Nationalized Bank is allowable for Deduction u/s. 80P(2)(a)(i) of I-T Act : ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Interest-Income-from-Deposits-with-Nationalized-Bank-is-allowable-for-Deduction-I-T-Act-ITAT.jpg "Interest Income from Deposits with Nationalized Bank is allowable for Deduction u/s. 80P(2)(a)(i) of I-T Act : ITAT [Read Order]")
ITAT quashes Disallowance of Car Expenses Incurred for Personal Use of Directors of Private Company [Read Order]
The Pune bench of Income Tax Appellate Tribunal (ITAT) has recently quashed disallowance of car expenses incurred for personal use of directors of private company. The Assessee Pushpak Steel...
![ITAT quashes Disallowance of Car Expenses Incurred for Personal Use of Directors of Private Company [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-quashes-Disallowance-of-Car-Expenses-ITAT-quashes-Disallowance-Car-Expenses-ITAT-Disallowance-Car-Expenses-Incurred-for-Personal-Use-Personal-Use-Private-Company-Taxscan.jpg "ITAT quashes Disallowance of Car Expenses Incurred for Personal Use of Directors of Private Company [Read Order]")
ITAT quashes addition made on account of determination of Annual Letting Value in respect of Unsold Residential Units [Read Order]
The Pune bench of Income Tax Appellate Tribunal (ITAT) has recently quashed additions made on account of determination of Annual Letting Value in respect of Unsold Residential...
![ITAT quashes addition made on account of determination of Annual Letting Value in respect of Unsold Residential Units [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-quashes-addition-ITAT-made-on-account-account-determination-of-Annual-Letting-Value-Annual-Letting-Value-Unsold-Residential-Units-Residential-Units-taxscan.jpg "ITAT quashes addition made on account of determination of Annual Letting Value in respect of Unsold Residential Units [Read Order]")