![Madras High Court dismisses plea challenging levy of IBBI’s Fee on Insolvency Professionals [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/08/Insolvency-Professionals-IBBI-Taxscan.jpeg "Madras High Court dismisses plea challenging levy of IBBI’s Fee on Insolvency Professionals [Read Order]")
Madras High Court dismisses plea challenging levy of IBBI’s Fee on Insolvency Professionals [Read Order]
The Madras High Court has dismissed a writ petition that challenged and sought the striking down of Regulation 7(2)(ca), which stipulates the...
![GST: Citing COVID-19 pandemic, Delhi HC allows Samsonite to deposit Profiteered Amount within 6 months [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/08/Samsonite-Profiteered-Amount-Taxscan.jpeg "GST: Citing COVID-19 pandemic, Delhi HC allows Samsonite to deposit Profiteered Amount within 6 months [Read Order]")
![Supreme Court stays Bail granted by Delhi HC to ex-Fortis Healthcare promoter Shivinder Singh in Money Laundering case [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/08/Supreme-Court-Shivinder-Singh-money-laundering-case-Fortis-Healthcare-promoter-Bail-Taxscan.jpg "Supreme Court stays Bail granted by Delhi HC to ex-Fortis Healthcare promoter Shivinder Singh in Money Laundering case [Read Order]")
![Default in Home Loan can’t be a reason to deny Capital Gain Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/08/home-loan-ITAT-Capital-Gain-Deduction-Taxscan.jpg "Default in Home Loan can’t be a reason to deny Capital Gain Deduction: ITAT [Read Order]")
Receipt from Renting Out of building Taxable as ‘Rental Income’ or ‘Other Income’Even If such renting is incidental to Business Activity: ITAT
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the lease rental income should be taxed under the head “Income from House Property” or “Income from Other Sources” even if...
Right to Receive Compensation on Acquisition and TDR Rights are not Immovable Assets, Section 50C can’t be invoked: ITAT
The Income Tax Appellate Tribunal (ITAT), Hyderabad bench has recently held that section 50C of the Income Tax Act, 1961 cannot be invoked in respect of the right to receive compensation on compulsory...
Depreciation can’t be denied for sole ground that the Assets had not been put to use: ITAT grants relief to Nestle India [Read Order]
While allowing a plea of Nestle India, the Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the claim for depreciation under section 32 of the Income Tax Act, 1961 cannot be...
![Depreciation can’t be denied for sole ground that the Assets had not been put to use: ITAT grants relief to Nestle India [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/08/depreciation-Nestle-India-ITAT-Taxscan.jpg "Depreciation can’t be denied for sole ground that the Assets had not been put to use: ITAT grants relief to Nestle India [Read Order]")
![Madhya Pradesh HC grants Bail to persons accused of GST evasion of Rs. 225 Crores [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/08/GST-evasion-GST-Bail-Taxscan.jpg "Madhya Pradesh HC grants Bail to persons accused of GST evasion of Rs. 225 Crores [Read Order]")
Freebies to Doctors: Income Tax Deduction to Pharma Companies can’t be denied invoking CBDT Circulars, says ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the income tax department cannot deny Income Tax Deduction to Pharma companies on expenses incurred on providing freebies to...
![Freebies to Doctors: Income Tax Deduction to Pharma Companies can’t be denied invoking CBDT Circulars, says ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/08/ITAT-Income-Tax-Deduction-DoctorsPharma-Companies-Freebies-Doctors-Taxscan.jpg "Freebies to Doctors: Income Tax Deduction to Pharma Companies can’t be denied invoking CBDT Circulars, says ITAT [Read Order]")
![ITAT deletes Penalty since Assessee Voluntarily surrendered Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/08/ITAT-Penalty-Assessee-Voluntarily-surrendered-Income-Taxscan.jpg "ITAT deletes Penalty since Assessee Voluntarily surrendered Income [Read Order]")
![Capital Gain Deduction can’t be denied on ground of Procedural Lapses: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/07/Capital-Gain-ITAT-Taxscan-1.jpg "Capital Gain Deduction can’t be denied on ground of Procedural Lapses: ITAT [Read Order]")