Begin typing your search above and press return to search.
![ITAT Rules Compensation for Delayed Property Delivery as Capital Receipt, Not Taxable [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/itat-income-tax-itat-delhi-Delayed-Property-Delivery-Taxscan.jpg "ITAT Rules Compensation for Delayed Property Delivery as Capital Receipt, Not Taxable [Read Order]")
ITAT Rules Compensation for Delayed Property Delivery as Capital Receipt, Not Taxable [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT )ruled that the compensation of Rs.5,947,940 received by the assessee from Jaypee Greens...
![Maintenance Charges received from Corporate Members are Governed by Principle of Mutuality Exempted from Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Maintenance-Charges-corporate-members-Governed-Principle-of-Mutuality-Exempted-Tax-ITAT-taxscan.jpg "Maintenance Charges received from Corporate Members are Governed by Principle of Mutuality Exempted from Tax: ITAT [Read Order]")
![Direct Nexus between Interest Expenditure Claimed and Interest Income Earned Proved: ITAT Allows Deduction Against Expenditure on Income from Other Sources [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Direct-Nexus-between-Interest-Expenditure-Claimed-Interest-Income-Earned-Proved-ITAT-Allows-Deduction-Against-Expenditure-Income-Other-Sources-taxscan.jpg "Direct Nexus between Interest Expenditure Claimed and Interest Income Earned Proved: ITAT Allows Deduction Against Expenditure on Income from Other Sources [Read Order]")
![Interest/ Salary received by Partner from Firm Not Assessable as “Other Income”: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Interest-Salary-received-Assessable-Other-Income-ITAT-TAXSCAN.jpg "Interest/ Salary received by Partner from Firm Not Assessable as “Other Income”: ITAT [Read Order]")
![S. 57(iii) Deduction available only If Expenses were incurred to earn ‘Other Income’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Other-Income-ITAT-Taxscan.jpg "S. 57(iii) Deduction available only If Expenses were incurred to earn ‘Other Income’: ITAT [Read Order]")
Expenditure related to Earning of Income from Other Sources only is Allowable u/s 57(iii): ITAT [Read Order]
A single bench of Sunil Kumar Yadav (Judicial Member) recently confirmed that expenditure strictly related to earning of Income from other sources is to be allowed under Section 57(iii) of the Income...
![Expenditure related to Earning of Income from Other Sources only is Allowable u/s 57(iii): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Expenditure-Taxscan.jpg "Expenditure related to Earning of Income from Other Sources only is Allowable u/s 57(iii): ITAT [Read Order]")
Assessee is Entitled to Claim Deductions of Expenses incurred in relation to Interest Income u/s 57(iii): ITAT [Read Order]
Kolkata bench of Income Tax Appellate Tribunal (ITAT) recently held that an assessee is eligible to claim deductions of expenses incurred in relation to interest income under Section 57(iii) of the...
![Assessee is Entitled to Claim Deductions of Expenses incurred in relation to Interest Income u/s 57(iii): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/Income-Tax-Deduction-Taxscan-1.jpg "Assessee is Entitled to Claim Deductions of Expenses incurred in relation to Interest Income u/s 57(iii): ITAT [Read Order]")