![Expenditure cannot be disallowed since Assessee followed Accounting Standard issued by ICAI: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/08/Laptop-of-Chartered-Accountant.jpg "Expenditure cannot be disallowed since Assessee followed Accounting Standard issued by ICAI: ITAT [Read Order]")
Expenditure cannot be disallowed since Assessee followed Accounting Standard issued by ICAI: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT), on Friday held that the expenditure cannot be disallowed when the assessee has followed...
![Mere Issuance of a Cheque that was Subsequently Cancelled and Returned would not constitute ‘Payment of Sum’ attracting ‘Deemed Dividend’: Allahabad HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/08/Cheque-Taxscan.jpg "Mere Issuance of a Cheque that was Subsequently Cancelled and Returned would not constitute ‘Payment of Sum’ attracting ‘Deemed Dividend’: Allahabad HC [Read Order]")
![No TDS on Interest Paid to NBFC which is also Engaged in Business of Insurance: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/TDS-Taxscan.jpg "No TDS on Interest Paid to NBFC which is also Engaged in Business of Insurance: ITAT [Read Order]")
![Breakdown and Technical Snags of Machineries during Trial runs cannot be a reason for denying Depreciation: Bombay HC grants relief to L & T [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/12/Larsen-Turbo-Taxscan.jpg "Breakdown and Technical Snags of Machineries during Trial runs cannot be a reason for denying Depreciation: Bombay HC grants relief to L & T [Read Judgment]")
![Advertising Hoardings qualify as ‘Tangible Assests’: ITAT Allows 100% Depreciation [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/Hoardings-Taxscan.jpg "Advertising Hoardings qualify as ‘Tangible Assests’: ITAT Allows 100% Depreciation [Read Order]")
Administrative Expenses cannot be disallowed when Assessee is a Passover Entity and a facilitator in procuring the orders in a Joint Venture: ITAT [Read Order]
The Income Tax Appellate Tribunal Hyderabad bench recently held that amount paid to members cannot be disallowed on ground of non-deduction of tax when Assessee is a Passover Entity and a facilitator...
![Administrative Expenses cannot be disallowed when Assessee is a Passover Entity and a facilitator in procuring the orders in a Joint Venture: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Expenditures-TAXSCAN.jpg "Administrative Expenses cannot be disallowed when Assessee is a Passover Entity and a facilitator in procuring the orders in a Joint Venture: ITAT [Read Order]")
Assessee is Eligible for Interest on Excess Amount Paid on Self-Assessed Tax: Kerala HC [Read Judgment]
A two-judge bench of the Kerala High Court in The Commissioner of Income-Tax, Thiruvananthapuram v. The Kerala Minerals And Metals Ltd, held that the assessee would be entitled to the interest on the...
![Assessee is Eligible for Interest on Excess Amount Paid on Self-Assessed Tax: Kerala HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/01/Kerala-High-Court-Taxscan.jpg "Assessee is Eligible for Interest on Excess Amount Paid on Self-Assessed Tax: Kerala HC [Read Judgment]")
Interest from deposits made with Banks is ‘Business Income’ even if Assessee’s Application for NBFC was rejected by RBI: ITAT [Read Order]
Mumbai bench of Income Tax Appellate Tribunal (ITAT) recently held that interest income earned by an assessee should be treated under the head business income, even if its application for Non-Banking...
![Interest from deposits made with Banks is ‘Business Income’ even if Assessee’s Application for NBFC was rejected by RBI: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Business-Income-Taxscan.jpg "Interest from deposits made with Banks is ‘Business Income’ even if Assessee’s Application for NBFC was rejected by RBI: ITAT [Read Order]")
