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![AO disallows S. 57 deduction claim on interest income from Personal funds: ITAT Quashes disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Mumbai-Section-57-of-Income-Tax-Act-Income-Tax-Income-Tax-Act-Interest-Income-Taxscan.jpg "AO disallows S. 57 deduction claim on interest income from Personal funds: ITAT Quashes disallowance [Read Order]")
AO disallows S. 57 deduction claim on interest income from Personal funds: ITAT Quashes disallowance [Read Order]
In a recent ruling, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) allowed the appeal in favour of the assessee regarding the...
![Director being not Beneficiary cannot be Assignee under Keyman Insurance Policy:Â ITAT allows Deduction u/s 57 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Director-Beneficiary-Assignee-Keyman-Insurance-Policy-ITAT-Deduction-Income-Tax-Act.jpg "Director being not Beneficiary cannot be Assignee under Keyman Insurance Policy:Â ITAT allows Deduction u/s 57 of Income Tax Act [Read Order]")
![Insurance Premium for paid for Keyman Insurance Policy of LIC, allowable as Expenses: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Insurance-Premium-Keyman-Insurance-Policy-LIC-Keyman-Insurance-Policy-of-LIC-Expenses-ITAT-Income-Tax-taxscan.jpg "Insurance Premium for paid for Keyman Insurance Policy of LIC, allowable as Expenses: ITAT [Read Order]")
![Receipt from Keyman Insurance Policy taxable on Receipt Basis Only: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/03/Keyman-Insurance-Policy-ITAT-Taxscan.jpg "Receipt from Keyman Insurance Policy taxable on Receipt Basis Only: ITAT [Read Order]")
![Premium paid by the Firm on the Keyman Insurance Policy of a Partner is allowable as Business Expenditure: CBDT [Read Circular]](https://www.taxscan.in/wp-content/uploads/2016/08/CBDT-Taxscan-1.jpg "Premium paid by the Firm on the Keyman Insurance Policy of a Partner is allowable as Business Expenditure: CBDT [Read Circular]")