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Disallowance

No 115JB Adjustment for Section 14A: ITAT Upholds CIT(A)'s ₹71 Lakh Cap [Read Order]

Advika Dwivedi

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT), held that no adjustment under Section 115JB relating to disallowance under Section 14A of...

Vodafone West Ltd Gets Relief: ITAT Deletes Disallowance of Roaming Charges, Citing Binding...

Omission in Sec.14A Disclosure Enables Reopening Beyond 4 Years: Madras HC Restores Proceedings...

IPLC Payments Not ‘Royalty’ u/s 9 of Income Tax Act: Madras HC sets aside Disallowance u/s 40(a)(i)...

Disallowance of Stock Write-Down u/s 37(1) without Examining Evidence Unjustified: ITAT Remands...

Disallowance of Weighted R&D Deduction u/s 35(2AB): ITAT Holds Non-Filing of Form 3CL Not Fatal [Read Order]

The Indore Bench of the Income Tax Appellate Tribunal (ITAT) held that non-filing of Form 3CL cannot be a ground to deny deduction under Section 35(2AB) when the assessee’s research activity is...

ITAT Limits Non-TDS Interest Disallowance to 30% as per Finance Act 2014 Amendment [Read Order]

The Nagpur bench of the Income Tax Appellate Tribunal (ITAT) has partially allowed a doctor’s appeal concerning interest disallowance under Section 40(a)(ia) for non-deduction of Tax Deducted at...

ITC under VAT cannot be Considered as Income Unless Claimed as Expenditure in P&L Account: ITAT [Read Order]

The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) upheld the deletion of the VAT ( Value Added Tax ) input tax credit addition of ₹96.21 lakh, ruling that it does not constitute income...

Bombay HC Grants Interim Relief to Co-operative Credit Society, Restrains Coercive Recovery in Section 80P Deduction Disallowance Dispute [Read Order]

The Bombay High Court at Goa granted interim relief to Janaseva Urban Cooperative Credit Society Limited and restrained the Income Tax Department from taking coercive recovery measures in the...

Delayed EPF/ESIC Payments Not Deductible: ITAT Upholds Rs 12.91 Lakh Disallowance u/s 36(1)(va) r.w.s 43B [Read Order]

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) recently dismissed an appeal filed by an assessee challenging the disallowance of Rs.12,91,486 under section 36(1)(va) read with section...

Possible Double Disallowance of Bonus and Interest u/s 43B: ITAT Remands for Verification to Prevent Duplication [Read Order]

The Ahmedabad bench of Income Tax Appellate Tribunal (ITAT) has directed verification of potential duplication in the disallowance of unpaid bonus and interest under Section 43B of the Income Tax...

Commission for Overseas Services Rendered Abroad: ITAT Deletes Disallowance for Non-Deduction of TDS [Read Order]

The Ahmedabad Income Tax Appellate Tribunal (ITAT) has held that commission paid to non-resident agents for services rendered entirely outside India does not attract tax deduction at source (TDS)...