![Calcutta HC allows Income Tax Deduction u/s 80-IC(2)(a)(i) for the Manufacture of Mouth Freshener (Pan Masala Without Tobacco) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Calcutta-High-Court-Calcutta-HC-Income-Tax-Mouth-Freshener-Mouth-freshener-Without-Tobacco-taxscan-1.jpg "Calcutta HC allows Income Tax Deduction u/s 80-IC(2)(a)(i) for the Manufacture of Mouth Freshener (Pan Masala Without Tobacco) [Read Order]")
Calcutta HC allows Income Tax Deduction u/s 80-IC(2)(a)(i) for the Manufacture of Mouth Freshener (Pan Masala Without Tobacco) [Read Order]
In a recent case, the Calcutta High Court allowed the deduction under section 80-ic(2)(a)(i) of the Income Tax Act for the manufacture of Mouth...
![Gujarat HC allows Income Tax Deduction for Payment made to Clear Mortgage, dismisses Revenue’s Appeal u/s 263 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Income-Tax-Gujarat-High-Court-Gujarat-HC-Income-Tax-Deduction-Income-Tax-TAXSCAN.jpg "Gujarat HC allows Income Tax Deduction for Payment made to Clear Mortgage, dismisses Revenue’s Appeal u/s 263 [Read Order]")
![Application of 8% Net Profit Rate on Gross Receipts under Contract is valid unless Illegality is Proven: Calcutta HC upholds ITAT’s Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Calcutta-High-Court-Calcutta-HC-Upholds-ITATs-Order-Net-Profit-Rate-Gross-Receipts-Unless-Illegality-taxscan.jpg "Application of 8% Net Profit Rate on Gross Receipts under Contract is valid unless Illegality is Proven: Calcutta HC upholds ITAT’s Order [Read Order]")
![Non-Deduction of TDS u/s 40(a)(ia) of Income Tax Act: ITAT confirms Addition of Rs 10.8 Lakhs [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/ITAT-TDS-Non-Deduction-of-TDS-Income-Tax-Appellate-Tribunal-Tax-Deducted-at-Source-TDS-Non-Deduction-taxscan.png "Non-Deduction of TDS u/s 40(a)(ia) of Income Tax Act: ITAT confirms Addition of Rs 10.8 Lakhs [Read Order]")
![Relief to Alembic Ltd: Gujarat HC allows Rs. 4 cr Income Tax Deduction u/s 80IA for Captive Power Plant [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Income-Tax-ITAT-Income-Tax-Deduction-Income-Tax-Appellate-Tribunal-Gujarat-High-Court-TAXSCAN.jpg "Relief to Alembic Ltd: Gujarat HC allows Rs. 4 cr Income Tax Deduction u/s 80IA for Captive Power Plant [Read Order]")
ITAT cannot Place Reliance on Order of ITSC in Previous Years: Delhi HC restores Additions [Read Order]
The Delhi High Court has ruled that the order of the Income Tax Settlement Commission ( ITSC ) is final and conclusive for the assessment year ( AY ) for which the application was filed. The bench...
![ITAT cannot Place Reliance on Order of ITSC in Previous Years: Delhi HC restores Additions [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/ITAT-Reliance-on-Order-ITSC-Previous-Years-Delhi-HC-taxscan.jpg "ITAT cannot Place Reliance on Order of ITSC in Previous Years: Delhi HC restores Additions [Read Order]")
Relief to Vi: No TDS Deductible under Income Tax Act on Payments Received by Distributors/Franchisees From Third Parties/Customers, Rules Calcutta HC [Read Order]
In a significant case, the Calcutta High Court has held that Tax deducted at source ( TDS ) under the Income Tax Act is not deductible on payments received by distributors/franchisees from third...
![Relief to Vi: No TDS Deductible under Income Tax Act on Payments Received by Distributors/Franchisees From Third Parties/Customers, Rules Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Vi-vodafone-idea-tds-tax-deducted-at-source-income-tax-income-tax-act-tds-deductible-under-income-tax-act-calcutta-hc-calcutta-high-court-1-1.jpg "Relief to Vi: No TDS Deductible under Income Tax Act on Payments Received by Distributors/Franchisees From Third Parties/Customers, Rules Calcutta HC [Read Order]")
ITAT Allows Depreciation Claim by Purchaser under Income Tax on Excess Amount Paid Over & Above Net Asset Value of Seller's Business [Read Order]
The Bangalore Income Tax Appellate Tribunal ( ITAT ) held that once the department has accepted the capital gain offered by the seller upon transfer of its business, then said transaction cannot be...
![ITAT Allows Depreciation Claim by Purchaser under Income Tax on Excess Amount Paid Over & Above Net Asset Value of Sellers Business [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Income-Tax-ITAT-ITAT-Bangalore-capital-gain-Depreciation-claims-Purchaser-TAXSCAN.jpg "ITAT Allows Depreciation Claim by Purchaser under Income Tax on Excess Amount Paid Over & Above Net Asset Value of Sellers Business [Read Order]")
ITAT allows Income Tax Sec.80P Deduction to Co-operative Society on Interest Earned from Co-operative Bank [Read Order]
In a matter related to Income Tax deduction, the Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the deduction under Section 80P(2)(d) of the Income Tax Act, is...
![ITAT allows Income Tax Sec.80P Deduction to Co-operative Society on Interest Earned from Co-operative Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Income-Tax-ITAT-co-operative-banks-Co-operative-Society-Income-Tax-Appellate-TAXSCAN.jpg "ITAT allows Income Tax Sec.80P Deduction to Co-operative Society on Interest Earned from Co-operative Bank [Read Order]")
![Half Yearly Income Tax Digest: ITAT Rulings 2024 [Part VI]](https://www.taxscan.in/wp-content/uploads/2024/07/Half-Yearly-Case-Digest-ITAT-Case-Digest-Half-Yearly-Income-Tax-Digest-Income-Tax-half-yearly-Case-Digest-ITAT-Tax-Judgement-part-6-taxscan.jpg "Half Yearly Income Tax Digest: ITAT Rulings 2024 [Part VI]")
![Half Yearly Income Tax Digest: ITAT Rulings 2024 [Part V]](https://www.taxscan.in/wp-content/uploads/2024/07/ITAT-CASE-DIGEST-part-5.jpg "Half Yearly Income Tax Digest: ITAT Rulings 2024 [Part V]")