![Pre-Operative Expenses can’t be allowed as a Business Expense: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Pre-operative-Expenses-Business-Expense-ITAT-Taxscan.jpg "Pre-Operative Expenses can’t be allowed as a Business Expense: ITAT [Read Order]")
Pre-Operative Expenses can’t be allowed as a Business Expense: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) in the case of Maruti Insurance Pvt. Ltd. vs. DCIT held that the expenses which are incurred...
![Unabsorbed Depreciation pertaining to AY can be carried forward and set off in the Later Year: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/03/Network-Rights-Depreciation-Taxscan.jpg "Unabsorbed Depreciation pertaining to AY can be carried forward and set off in the Later Year: ITAT [Read Order]")
![Delhi HC affirms Assessee not entitled to Claim Deduction until Liability for which Deduction is Claimed has Accrued [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/02/Assessee-Claim-deduction-Taxscan.jpg "Delhi HC affirms Assessee not entitled to Claim Deduction until Liability for which Deduction is Claimed has Accrued [Read Judgment]")
![ITAT quashes Re-Assessment Proceedings against PwC [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/PwC-Re-Assessment-ITAT-Taxscan.jpg "ITAT quashes Re-Assessment Proceedings against PwC [Read Order]")
![No disallowance of Interest Expenses on Account of Non-Deduction of TDS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Interest-Expenses-TDS-ITAT-Assessee-Taxscan.jpg "No disallowance of Interest Expenses on Account of Non-Deduction of TDS: ITAT [Read Order]")
Agricultural Lands not ‘Capital Asset’ If Buyer Company maintains the Land Character: ITAT Delhi [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi in January held that agricultural lands cannot be treated as a capital asset if the company that purchases such land maintains its character as...
![Agricultural Lands not ‘Capital Asset’ If Buyer Company maintains the Land Character: ITAT Delhi [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Agricultural-Land-ITAT-Delhi-Taxscan.jpg "Agricultural Lands not ‘Capital Asset’ If Buyer Company maintains the Land Character: ITAT Delhi [Read Order]")
MODVAT Credit not allowable as Deduction u/s 43B of Income Tax Act: Supreme Court [Read Judgment]
The Supreme Court in the case of Maruti Suzuki India Ltd v CIT has held that MODVAT credit does not qualify as ‘any sum payable by the assessee by way of tax, duty, cess or fee’ u/s 43B of the Central...
![MODVAT Credit not allowable as Deduction u/s 43B of Income Tax Act: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/02/MODVAT-Credit-MODVAT-Scheme-Income-Tax-Act-Supreme-Court-Taxscan.jpg "MODVAT Credit not allowable as Deduction u/s 43B of Income Tax Act: Supreme Court [Read Judgment]")
![Performance Bonus cant be treated as Salary: ITAT allows Exemption [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Performance-Bonus-ITAT-Taxscan.jpg "Performance Bonus cant be treated as Salary: ITAT allows Exemption [Read Order]")
![Capital Gain Deduction allowable for House purchased Outside India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/House-Purchased-ITAT-Taxscan.jpg "Capital Gain Deduction allowable for House purchased Outside India: ITAT [Read Order]")
Gujarat HC allows Expenses incurred on a Donation made through Banking Channel used for Scientific Research [Read Judgment]
The Gujarat High Court has allowed expenses incurred on donations made through Banking Channel for Scientific Research Purpose. The assessee M/s Thakkar Govindbhai Ganpatlal HUF had filed its return...
![Gujarat HC allows Expenses incurred on a Donation made through Banking Channel used for Scientific Research [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/05/Donations-Taxscan.jpg "Gujarat HC allows Expenses incurred on a Donation made through Banking Channel used for Scientific Research [Read Judgment]")
Conducting Safety Training Programmes, Seminars, Workshop, Conferences are ‘Educational Activities’, Exempted from Income Tax: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) held that trust conducting safety training programmes, training seminars, workshops, conferences are educational activities and are exempted from income tax...
![Conducting Safety Training Programmes, Seminars, Workshop, Conferences are ‘Educational Activities’, Exempted from Income Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/01/Educational-Activities-Training-Programmes-Seminars-Workshops-ITAT-Taxscan.jpg "Conducting Safety Training Programmes, Seminars, Workshop, Conferences are ‘Educational Activities’, Exempted from Income Tax: ITAT [Read Order]")