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ITAT Upholds Deletion of S.68 Share Premium Addition for 14 Investors as Verification Compliance Satisfied [Read Order]

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) affirmed that the deletion of additions made under Section 68 of the Income Tax Act, 1961...

ITAT Sets Aside ₹6.90 Cr Share Premium Addition for Non-Consideration of Assessee’s Evidence [Read...

Guidelines for Choosing the Right Coverage for Your Term Plan

Sanitary wares having Premium Aesthetic and sleek design would not fall in category of Artwork:...

One Time leasehold premium charged by CIDCO liable to GST: Supreme Court [Read Order]

Premium paid by Company towards Life Insurance Policy of Director in Individual Capacity Not “Business Expenditure”: ITAT [Read Order]

Income Tax Appellate Tribunal ( ITAT ) Pune Bench ruled that the premium paid by the company towards the Life Insurance Policy of the Director in individual capacity is not Business Expenditure. ...

ITAT deletes Disallowance of Rs 1 Lakh on account of Democratization of Premium of Govt Securities [Read Order]

The Income Tax Appellate Tribunal (ITAT), New Delhi Bench deleted disallowance of Rupees 1 Lakh on account of democratization of premium of government securities. The assessee, Ram Garhia...

Premium on Forward Exchange Contracts can be Deducted as Expense: ITAT [Read Order]

The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) ruled that premiums on Forward exchange contracts can be deducted as an expense. CLP Wind Farm (India), the assessee carried on the...

IRDAI allows grace period for Life Insurance Policies where Premium falls due in the month of March

The Insurance Regulatory and Development Authority of India (IRDAI) has allowed the grace period for Life Insurance Policies where the Premium falls due in the month of March 2020 till 31st May 2020. ...