![Excess Expenditure Does Not Bar 15% Accumulation Claim u/s 11(1)(a): ITAT Relieves Rajasthan Cricket Association [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/rajasthan-cricket-site-img.jpg "Excess Expenditure Does Not Bar 15% Accumulation Claim u/s 11(1)(a): ITAT Relieves Rajasthan Cricket Association [Read Order]")
Excess Expenditure Does Not Bar 15% Accumulation Claim u/s 11(1)(a): ITAT Relieves Rajasthan Cricket Association [Read Order]
In a recent decision made by the Jaipur bench of the Income Tax Appellate Tribunal ( ITAT ), it was held that the 15% accumulation claim under...
![Deemed Income u/s 11(3) cant be a Claim of Exemption: ITAT Dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Deemed-income-Trust-Trustee-ITAT-Income-Tax-Charitable-Trust-Exemptions-income-tax-taxscan.jpg "Deemed Income u/s 11(3) cant be a Claim of Exemption: ITAT Dismisses Appeal [Read Order]")
![ITAT Exempts Gold Donation of Religious Trust Towards Corpus Fund u/s 11(1)(d) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Gold-Donation-of-Religious-Trust-Towards-Corpus-Fund-of-Income-Tax-Act-ITAT-TAXSCAN.jpg "ITAT Exempts Gold Donation of Religious Trust Towards Corpus Fund u/s 11(1)(d) of Income Tax Act [Read Order]")
![Profits and Gains from Pharmacy Business Incidental to Business of Charitable Trust: ITAT Allows Accumulation at 15% [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Profits-and-Gains-Pharmacy-Business-Incidental-Charitable-Trust-Business-of-Charitable-Trust-ITAT-taxscan.jpg "Profits and Gains from Pharmacy Business Incidental to Business of Charitable Trust: ITAT Allows Accumulation at 15% [Read Order]")
![Furnishing Audit Report along with Income Tax Return: ITAT allows Deduction u/s 11(1)(a) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Audit-Report-Income-Tax-Return-ITAT-Deduction-taxscan.jpg "Furnishing Audit Report along with Income Tax Return: ITAT allows Deduction u/s 11(1)(a) [Read Order]")
Split up of TDS Rule 37BA(3)(ii) allowable when Corresponding Income is Assessable to Tax: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that split up of TDS Rule 37BA(3)(ii) is allowable when corresponding income is assessable to tax. Larsen & Toubro Public...
![Split up of TDS Rule 37BA(3)(ii) allowable when Corresponding Income is Assessable to Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/TDS-Rule-Corresponding-Income-Tax-ITAT-taxscan.jpg "Split up of TDS Rule 37BA(3)(ii) allowable when Corresponding Income is Assessable to Tax: ITAT [Read Order]")
Amount Spent outside India on account of Boarding and Lodging local transport is not application Income u/s 11(1)(a): ITAT [Read Order]
Amount spent outside India on account of boarding and lodging local transport is not application income u/s 11(1)(a), so was held by Income Tax Appellate Tribunal (ITAT), New Delhi. The assessee,...
![Amount Spent outside India on account of Boarding and Lodging local transport is not application Income u/s 11(1)(a): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Amount-account-lodging-local-transport-application-income-ITAT-taxscan.jpeg "Amount Spent outside India on account of Boarding and Lodging local transport is not application Income u/s 11(1)(a): ITAT [Read Order]")
Normal Depreciation could be considered as Legitimate Deduction in computing Real Income of Assessee on General Principles: Madras High Court [Read Judgment]
The Madras High Court ruled that the normal depreciation could be considered as a legitimate deduction in computing the real income of the assessee on general principles. The assessee, Music...
![Normal Depreciation could be considered as Legitimate Deduction in computing Real Income of Assessee on General Principles: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/08/Normal-depreciation-legitimate-deduction-real-income-of-assessee-Madras-High-Court-Taxscan.jpg "Normal Depreciation could be considered as Legitimate Deduction in computing Real Income of Assessee on General Principles: Madras High Court [Read Judgment]")
Trust Is Eligible for Depreciation Even though the Entire Expenditure Incurred for Acquisition of Capital Assets was treated as Application of Income: SC [Read Order]
The Supreme Court of India held that, there is no double benefit while allowing the depreciation of Assets when the Capital Expenditure is treated as application of Income for Charitable Purposes...
![Trust Is Eligible for Depreciation Even though the Entire Expenditure Incurred for Acquisition of Capital Assets was treated as Application of Income: SC [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/08/Depreciation-Taxscan.jpg "Trust Is Eligible for Depreciation Even though the Entire Expenditure Incurred for Acquisition of Capital Assets was treated as Application of Income: SC [Read Order]")