Stamp Value will be considered as Full Consideration only If Payment was made through Bank on or before the Date of Transfer: ITAT
The Pune bench of the Income Tax Appellate Tribunal (ITAT) has observed that the stamp value on the date of agreement to sell shall be considered as...
![Expenses on Account of Interest Payment on Loans could not be added while Computing Book Profit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Interest-Payment-Loans-Account-Expenses-ITAT-Taxscan.jpg "Expenses on Account of Interest Payment on Loans could not be added while Computing Book Profit: ITAT [Read Order]")
![ITAT allows Deduction on Legal and Professional Fees incurred to improve day to day working of Company [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/ITAT-Legal-Deduction-Legal-Professsional-Fees-Taxscan.jpg "ITAT allows Deduction on Legal and Professional Fees incurred to improve day to day working of Company [Read Order]")
![Sahara India TV Network can utilize Cenvat Credit for payment of Service Tax on reverse charge basis: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Sahara-India-TV-Network-Cenvat-Credit-Service-Tax-Payment-Taxscan.jpg "Sahara India TV Network can utilize Cenvat Credit for payment of Service Tax on reverse charge basis: CESTAT [Read Order]")
![Reimbursement of Vehicle Expenses by Cab Owners not subject to TDS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Reimbursements-ITAT-Taxscan.jpg "Reimbursement of Vehicle Expenses by Cab Owners not subject to TDS: ITAT [Read Order]")
Wife eligible for Capital Gain Deduction towards House purchased in Husband’s Name: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that the wife is eligible for deduction under section 54 of the Income Tax Act for the investment in a house in the name of her...
![Wife eligible for Capital Gain Deduction towards House purchased in Husband’s Name: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Income-Tax-Act-House-Purchased-ITAT-Taxscan.jpg "Wife eligible for Capital Gain Deduction towards House purchased in Husband’s Name: ITAT [Read Order]")
Income From Cloud Hosting Services not Taxable under the head ‘Royalty', rules ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai has ruled that, Income From Cloud Hosting Services not Taxable under the head ‘Royalty'. Rackspace, US Inc., the assessee, is a company incorporated in...
![Income From Cloud Hosting Services not Taxable under the head ‘Royalty, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Cloud-Hosting-Services-Income-Not-Taxable-Royalty-Taxscan.jpg "Income From Cloud Hosting Services not Taxable under the head ‘Royalty, rules ITAT [Read Order]")
Foreign Exchange Loss on Repayment of Borrowings is Revenue Expenditure: ITAT allows Relief to Cafe Coffee Day [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore has granted relief to Cafe Coffee Day and held that foreign exchange loss due to the reinstatement of the accounts at the end of the financial year...
![Foreign Exchange Loss on Repayment of Borrowings is Revenue Expenditure: ITAT allows Relief to Cafe Coffee Day [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Cafe-Coffee-Day-Foreign-Exchange-Revenue-Expenditure-ITAT-Taxscan.jpg "Foreign Exchange Loss on Repayment of Borrowings is Revenue Expenditure: ITAT allows Relief to Cafe Coffee Day [Read Order]")
Mere Statements can’t be considered as Incriminating Material or Documentary Evidence: Madhya Pradesh HC
The Madhya Pradesh High Court has held that the unexplained investments were made by the Assessing Officer merely on the basis of the statements given during the course of the survey and that there is...
Interest earned by Co-operative Society on its Investments in Co-operative Bank eligible for Deduction: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai held that the interest income earned by a co-operative society on its investments held with a co-operative bank would be eligible for claim of...
![Interest earned by Co-operative Society on its Investments in Co-operative Bank eligible for Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Investments-Co-operative-Bank-Taxscan.jpg "Interest earned by Co-operative Society on its Investments in Co-operative Bank eligible for Deduction: ITAT [Read Order]")
![No Denial of Refund of Cenvat Credit for the reasons of a premises being Unregistered: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Refund-Service-Tax-Taxscan.jpg "No Denial of Refund of Cenvat Credit for the reasons of a premises being Unregistered: CESTAT [Read Order]")
Deduction allowable on Interest Paid on Borrowings for Acquisition of Capital Assets: Gujarat HC grants Relief to Vodafone [Read Order]
The Gujarat High Court has held that the interest paid in respect of borrowings for the acquisition of capital assets is an allowable deduction under S.36(1)(iii) of the Income Tax Act. The...
![Deduction allowable on Interest Paid on Borrowings for Acquisition of Capital Assets: Gujarat HC grants Relief to Vodafone [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/Vodafone-Cenvat-Credit-Taxscan.jpg "Deduction allowable on Interest Paid on Borrowings for Acquisition of Capital Assets: Gujarat HC grants Relief to Vodafone [Read Order]")