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![Income Tax Annual Digest 2024: ITAT Cases [Part 25]](https://www.taxscan.in/wp-content/uploads/2025/01/Income-Tax-Annual-Digest-2024-ITAT-Cases-Part-25-taxscan.jpg "Income Tax Annual Digest 2024: ITAT Cases [Part 25]")
Income Tax Annual Digest 2024: ITAT Cases [Part 25]
This annual round-up analytically summarizes all the Income Tax related Orders of the Income Tax Appellate Tribunal ( ITAT ) Benches of India...
![ITAT caps S.14A Disallowance at 1% of Dividend Income for Period prior to Rule 8D, Income Tax Rules [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Income-Tax-ITAT-ITAT-Delhi-Income-Tax-Appellate-Tribunal-Dividend-Income-TAXSCAN-2.jpg "ITAT caps S.14A Disallowance at 1% of Dividend Income for Period prior to Rule 8D, Income Tax Rules [Read Order]")
![Prior Period Expenses Integrable to Current Income Tax Assessment if Unclaimed: ITAT Remands HUDCO Matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Delhi-HUDCO-Housing-and-Urban-Development-Corporation-Income-Tax-Appellate-Tribunal-Prior-Period-Expenses-Integrable-taxscan.jpg "Prior Period Expenses Integrable to Current Income Tax Assessment if Unclaimed: ITAT Remands HUDCO Matter [Read Order]")
NPAs are Classifiable as per Rule 6EB of IT Rules, not by Guidelines of NHB: Delhi HC denies IT Deduction to HUDCO
In Housing and urban Development Corporation Ltd v. ACIT, the Delhi High Court, while confirming the denial of claim of deduction on account of de-recognition of interest accruing upon Non Performing...
‘Guarantee Commission’ to acquire the Asset is Revenue Expenditure, not Taxable: Punjab & Haryana HC [Read Judgment]
In a recent decision, the division bench of the Punjab & Haryana High Court has held that the guarantee commission paid by the assessee for acquiring an asset on installment terms is revenue...
![‘Guarantee Commission’ to acquire the Asset is Revenue Expenditure, not Taxable: Punjab & Haryana HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Punjab-and-Haryana-High-Court-Tax-Scan.jpg "‘Guarantee Commission’ to acquire the Asset is Revenue Expenditure, not Taxable: Punjab & Haryana HC [Read Judgment]")
Surplus Funds invested with Companies would fall within the meaning of ‘interest’ u/s 2 (7) of the Interest Tax Act; Delhi HC [Read Judgment]
The Delhi High Court has recently declared that the surplus funds invested with companies would fall within the meaning of s. 2 (7) of the Interest Tax Act. The sole question of law raised before the...
