![Interest Received on FDRs before the Commencement of Business constitute ‘Other Income’: HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/07/Interest-Rates-on-Small-Saving-Schemes.jpg "Interest Received on FDRs before the Commencement of Business constitute ‘Other Income’: HC [Read Judgment]")
Interest Received on FDRs before the Commencement of Business constitute ‘Other Income’: HC [Read Judgment]
A division bench of the Allahabad High Court, recently ruled that the interest received on fixed deposits by the assessee before the commencement of...
![Addition for Unexplained Expenditure is not mandatory even if no Explanation is offered or it is found to be Unsatisfactory: HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Expenditures-TAXSCAN.jpg "Addition for Unexplained Expenditure is not mandatory even if no Explanation is offered or it is found to be Unsatisfactory: HC [Read Judgment]")
Allahabad HC confirms Misconduct by CA for using Name in the Prospectus to Mislead Investors after Resignation from Company [Read Order]
While confirming the recommendation of the ICAI Disciplinary Committee to suspend a Chartered Accountant for three months, a division bench of the Allahabad High Court held that using the name of a...
Non-filing of GST Returns by a Firm would not Attract Penalty when It has Wrongly Registered as Sole Proprietor: Allahabad HC [Read Order]
A division bench of the Allahabad High Court, on Thursday, directed the Goods and Services Tax (GST) authorities to not to initiate penal actions against a Firm on ground of non-filing of GST returns...
![Non-filing of GST Returns by a Firm would not Attract Penalty when It has Wrongly Registered as Sole Proprietor: Allahabad HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/08/GST-Returns-Taxscan.jpg "Non-filing of GST Returns by a Firm would not Attract Penalty when It has Wrongly Registered as Sole Proprietor: Allahabad HC [Read Order]")
![Allahabad HC disallows Claim of Expenditure incurred on Guest House after Cut of date [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/08/Guest-House-Expenditure-Taxscan.jpg "Allahabad HC disallows Claim of Expenditure incurred on Guest House after Cut of date [Read Order]")
Interest Earned on FD with Bank in relation to Export Business is Eligible for Deduction: Allahabad HC [Read Judgment]
In Shri Laxminarain Khetan v. ITO, a division bench of the Allahabad High Court held that the interest received on with the bank in order to avail credit facility for export business is eligible for...
![Interest Earned on FD with Bank in relation to Export Business is Eligible for Deduction: Allahabad HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Deduction-Taxscan.jpg "Interest Earned on FD with Bank in relation to Export Business is Eligible for Deduction: Allahabad HC [Read Judgment]")
Rental Income from Letting out Shops in Mall is Income from Business not under the Head Income from House Property, says Allahabad HC [Read Judgment]
In Pr. Commissioner Of Income Tax, Allahabad vs. Atlantis Multiplex Pvt. Ltd, the division bench of Allahabad High Court held that, Rental Income received from letting out shops in a mall is Income...
![Rental Income from Letting out Shops in Mall is Income from Business not under the Head Income from House Property, says Allahabad HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/07/Malls-Rental-Income.jpg "Rental Income from Letting out Shops in Mall is Income from Business not under the Head Income from House Property, says Allahabad HC [Read Judgment]")
Penalty cannot be imposed on Central Bank of India for non-deduction of TDS on Interest earned on FDs of NOIDA: Allahabad HC
In a recent ruling, a division bench of the Allahabad High Court held that the assessee-Bank  cannot be treated as assesse-in-default for non-deduction of TDS on the interest earned on FDs of NOIDA. ...
Mere Fulfillment of Conditions u/s 10(23)(c) of IT Act would not make Assessee Eligible for benefit of S. 80G: Allahabad HC
In CIT v. M/S Rama Educational Society, the division bench of the Allahabad High Court held that benefit of section 80G of the Income Tax Act cannot be granted to assessee merely on ground that it...
