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Delhi High Court grants Bail to accused linked to Crores Bank Loan fraud arrested by ED under PMLA [Read Order]
The Delhi High Court granted bail to the accused linked to bank loan fraud arrested by the Enforcement Directorate under the Prevention of Money...
![Mere disallowance of an Expense does not warrant a Penalty for filing inaccurate particulars of Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Mere-disallowance-expense-penalty-particulars-of-income-ITAT-Taxscan.jpg "Mere disallowance of an Expense does not warrant a Penalty for filing inaccurate particulars of Income: ITAT [Read Order]")
![ITAT declines Foreign Tax Credits to Bank of India to the tune of Rs.182.64 Cr [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-foreign-tax-credits-Bank-of-India-Taxscan.jpeg "ITAT declines Foreign Tax Credits to Bank of India to the tune of Rs.182.64 Cr [Read Order]")
No Retrospective Effect of Deduction u/s 54 restricted to only one Residential House by the Finance Act 2014: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench ruled that the deduction under section 54 is restricted to only one residential house by the Finance Act 2014 is prospective in nature from...
![No Retrospective Effect of Deduction u/s 54 restricted to only one Residential House by the Finance Act 2014: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Deduction-residential-house-Finance-Act-ITAT-Taxscan.jpeg "No Retrospective Effect of Deduction u/s 54 restricted to only one Residential House by the Finance Act 2014: ITAT [Read Order]")
ITAT directs AO to allow Expenditure incurred at Head Office except director Salary against Interest Income [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai Bench directed AO to allow expenditure incurred at Head Office except for director salary against interest income. The assessee, M/s. The...
![ITAT directs AO to allow Expenditure incurred at Head Office except director Salary against Interest Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-AO-expenditure-interest-income-Taxscan.jpg "ITAT directs AO to allow Expenditure incurred at Head Office except director Salary against Interest Income [Read Order]")