Taxscan Team
![Donations to Registered Trusts Allowable as CSR Expenses u/s 80G of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Donations-Registered-Trusts-Trusts-CSR-Expenses-CSR-Expenses-Income-Tax-Act-ITAT-Income-Tax-taxscan.jpg "Donations to Registered Trusts Allowable as CSR Expenses u/s 80G of Income Tax Act: ITAT [Read Order]")
Donations to Registered Trusts Allowable as CSR Expenses u/s 80G of Income Tax Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench has allowed the donations made to registered Trusts by company as CSR exepnses allowable under...
![Penalty u/s 271(1)(c) of Income Tax Act Not Leviable on Deletion of Quantum Addition by Tribunal: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Penalty-Income-Tax-Act-Income-Tax-Deletion-of-Quantum-Addition-Quantum-Addition-Addition-Tribunal-ITAT-Taxscan.jpg "Penalty u/s 271(1)(c) of Income Tax Act Not Leviable on Deletion of Quantum Addition by Tribunal: ITAT [Read Order]")
![Co-Operative Bank Eligible for 80P Deduction in respect of Income from Interest on Staff Welfare Fund and Staff Loans: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Co-Operative-Bank-Deduction-Income-Interest-Staff-Welfare-Fund-Staff-Loans-ITAT-Income-Tax-Taxscan.jpg "Co-Operative Bank Eligible for 80P Deduction in respect of Income from Interest on Staff Welfare Fund and Staff Loans: ITAT [Read Order]")
![Assessment Passed Against Deceased Person Even After Knowledge of Death is Bad in Law: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Assessment-Deceased-Person-Law-ITAT-Taxscan.jpg "Assessment Passed Against Deceased Person Even After Knowledge of Death is Bad in Law: ITAT [Read Order]")
![Waiver of Cash Loan by Holding Company Not Taxable as Business Income u/s 28(iv) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Waiver-Cash-Loan-Holding-Company-Taxable-Business-Income-Income-Income-Tax-Act-Income-Tax-ITAT-Taxscan.jpg "Waiver of Cash Loan by Holding Company Not Taxable as Business Income u/s 28(iv) of Income Tax Act: ITAT [Read Order]")
Partner Lending Loan to Firm out of Bank Term Loan Eligible for Deduction of Net Interest Income u/s 57 of Income Tax Act: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the deduction under section 57 of the Income Tax Act 1961 is allowable towards the net interest income received by the...
![Partner Lending Loan to Firm out of Bank Term Loan Eligible for Deduction of Net Interest Income u/s 57 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Bank-Term-Loan-Net-Interest-Income-Tax-Act-ITAT-TAXSCAN.jpg "Partner Lending Loan to Firm out of Bank Term Loan Eligible for Deduction of Net Interest Income u/s 57 of Income Tax Act: ITAT [Read Order]")
Depreciation on Goodwill cannot be Denied on ground of Adopting DFC Method when AO Accepted Capital Gain Claim for Slump Sale: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the depreciation claim on goodwill cannot be denied merely on ground of adopting discounted cash flow (DFC) method when the...
![Depreciation on Goodwill cannot be Denied on ground of Adopting DFC Method when AO Accepted Capital Gain Claim for Slump Sale: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Goodwill-Denied-ground-Adopting-DFC-Method-Capital-Gain-Claim-Slump-Sale-ITAT-TAXSCAN1.jpg "Depreciation on Goodwill cannot be Denied on ground of Adopting DFC Method when AO Accepted Capital Gain Claim for Slump Sale: ITAT [Read Order]")
Audit Lapses in SRS Limited: NFRA Imposes 3 Year Ban and Rs. 3 Lakh Penalty for Two Chartered Accountants
The auditor-regulator, the National Financial Reporting Authority (NFRA) has imposed a penalty of Three lakhs on the statutory auditor of now-de-listed company SRS Ltd, along with a three-year ban on...
Coffee Day and MACEL Scam: NFRA Debars Audit Firm and 4 Auditors, Imposes Penalty for Audit Lapses [Read Order]
The National Financial Reporting Authority (NFRA) has imposed a ban on one audit firm and 4 auditors for lapses in auditing of Coffee Day Global Ltd and MACEL during 2018-19 fiscal. Coffee Day...
![Coffee Day and MACEL Scam: NFRA Debars Audit Firm and 4 Auditors, Imposes Penalty for Audit Lapses [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Coffee-Day-MACEL-Scam-NFRA-Audit-Firm-Auditors-Penalty-Audit-Lapses-taxscan.jpg "Coffee Day and MACEL Scam: NFRA Debars Audit Firm and 4 Auditors, Imposes Penalty for Audit Lapses [Read Order]")
No Addition can be made Against Individual for Cash Deposit of Tuition Fee received from Students during Demonetization Period: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench, has deleted an addition under section 69A of the Income Tax Act, 1961 in respect of cash deposit during demonetization period holding that the...
![No Addition can be made Against Individual for Cash Deposit of Tuition Fee received from Students during Demonetization Period: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Cash-Deposit-Tuition-Fee-Demonetization-ITAT-Income-Tax-Tax-Taxscan.jpg "No Addition can be made Against Individual for Cash Deposit of Tuition Fee received from Students during Demonetization Period: ITAT [Read Order]")
