Aparna. M
![Relief to NABARD: ITAT allows Interest Expenditure incurred from Government set up fund of RIDF and STCRCF allowable as deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-ITAT-Mumbai-NABARD-Government-funds-deduction-NABARD-Interest-expenditure-taxscan.jpg "Relief to NABARD: ITAT allows Interest Expenditure incurred from Government set up fund of RIDF and STCRCF allowable as deduction [Read Order]")
Relief to NABARD: ITAT allows Interest Expenditure incurred from Government set up fund of RIDF and STCRCF allowable as deduction [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal ( ITAT ) while providing relief to National Bank for Agriculture & Rural Development ( NABARD )...
![Deduction u/s 36(1)(xii) of Income Tax Act can only claim with respect to expenditure incurred on Promotional Activities “notified entities”: ITAT directs re adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/TAT-Mumbai-Income-tax-Income-tax-news-Promotional-activities-expenditure-Notified-entities-TAXSCAN.jpg "Deduction u/s 36(1)(xii) of Income Tax Act can only claim with respect to expenditure incurred on Promotional Activities “notified entities”: ITAT directs re adjudication [Read Order]")
![ITAT directs readjudication regarding Prior Period Expenses after find out year of Crystallization [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-ITAT-Mumbai-Income-Tax-Income-tax-news-Prior-period-expenses-taxscan.jpg "ITAT directs readjudication regarding Prior Period Expenses after find out year of Crystallization [Read Order]")
![ITAT upholds disallowance of Expenditure incurred out of Interest Income pertaining to various funds held by NABARD on behalf of GOI [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Income-tax-news-NABARD-Indian-government-Disallowance-of-expenditure-TAXSCAN.jpg "ITAT upholds disallowance of Expenditure incurred out of Interest Income pertaining to various funds held by NABARD on behalf of GOI [Read Order]")
ICAI releases Exposure Draft of Guidance Note on Reports on Audit u/s 12A/10(23C) of Income Tax Act for Public Comments
The Institute of Chartered Accountant on 29 th April 2024 released the exposure draft of guidance note on reports on audit under Section 12A/10(23C) of Income Tax Act, 1961 for Public Comments. In...
![Export of “mango pulp”attracts 12% GST: Gujarat HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Export-mango-pulp-attracts-GST-Gujarat-HC-taxscan.jpeg "Export of “mango pulp”attracts 12% GST: Gujarat HC [Read Order]")
SCN issued by Incompetent Authority with respect to refund application: Delhi HC directs to consider Refund Application [Read Order]
In a significant case, the Delhi High Court while directing to consider the refund application observed that Show Cause Notice ( SCN ) issued by the incompetent authority with respect to the refund...
ICAI releases Exposure Draft of Guidance Note on Reports on Audit u/s 12A/10(23C) of Income Tax Act for Public Comments
The Institute of Chartered Accountant on 29 th April 2024 released the exposure draft of guidance note on reports on audit under Section 12A/10(23C) of Income Tax Act, 1961 for Public Comments. In...
Delhi HC directs to dispose Refund Application of Rs 44,94,004/-within Four Weeks besides interest on delayed refunds [Read Order]
In a significant case, the Delhi High Court directed the proper Officer to consider the application of refund of Rs 44,94,004/-within a period of four weeks besides interest on delayed refunds. ...
Reassessment Proceedings of already concluded Reassessment: Delhi HC quashes order passed u/s 148(A)(d) of Income Tax Act [Read Order]
In a significant case, the Delhi High Court quashed the order passed under Section 148(A)(d) of Income Tax Act and observed that the reassessment proceedings of the assessment year 2015-16 had...
![Reassessment Proceedings of already concluded Reassessment: Delhi HC quashes order passed u/s 148(A)(d) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Reassessment-Proceedings-Reassessment-Delhi-HC-order-Income-Tax-Act-taxscan.jpg "Reassessment Proceedings of already concluded Reassessment: Delhi HC quashes order passed u/s 148(A)(d) of Income Tax Act [Read Order]")