![Guarantee fee charged by trust for providing third-party guarantee to small-scale industries does not amount to profit motive: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Guarantee-fee-charged-by-trust-for-providing-third-party-guarantee-to-small-scale-industries-amount-toprofit-motive-ITAT-TAXSCAN.jpg "Guarantee fee charged by trust for providing third-party guarantee to small-scale industries does not amount to profit motive: ITAT [Read Order]")
Guarantee fee charged by trust for providing third-party guarantee to small-scale industries does not amount to profit motive: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai bench held that the guarantee fee charged by the trust for providing third-party guarantees to...
![ITAT Directs readjudication in respect of Mismatch between Form 26AS and Contract Receipts [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/ITAT-Directs-readjudication-in-respect-of-Mismatch-Contract-Receipts-TAXSCAN.jpg "ITAT Directs readjudication in respect of Mismatch between Form 26AS and Contract Receipts [Read Order]")
![ITAT upholds deletion of disallowance of deduction claimed u/s 80G of I.T Act in respect of CSR expenses [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/ITAT-upholds-deletion-of-disallowance-of-deduction-I.T-Act-in-respect-of-CSR-expenses-TAXSCAN.jpg "ITAT upholds deletion of disallowance of deduction claimed u/s 80G of I.T Act in respect of CSR expenses [Read Order]")
![ITAT directs AO to consider stamp duty value on date of Letter of Allotment for making addition u/s 56(2)(vii)(b) I.T Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/ITAT-AO-stamp-duty-Letter-of-Allotment-I.T-Act-ITAT-directs-AO-to-consider-stamp-duty-value-taxscan.jpg "ITAT directs AO to consider stamp duty value on date of Letter of Allotment for making addition u/s 56(2)(vii)(b) I.T Act [Read Order]")
No addition shall be made on Supervisory and Risk Management Expenses incurred in Insurance Brokerage Business for Prospective Clients: Delhi HC upholds ITAT Order [Read Order]
In a recent case, the Delhi High Court, while upholding the order of the Income Tax Appellate Tribunal, held that no addition should be made on the supervisory and risk management expenses incurred...
![No addition shall be made on Supervisory and Risk Management Expenses incurred in Insurance Brokerage Business for Prospective Clients: Delhi HC upholds ITAT Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/No-addition-shall-be-made-Supervisory-and-Risk-Management-Expenses-Risk-Management-Expenses-Insurance-Brokerage-Business-Delhi-High-Court-ITAT-Income-Tax-TAXSCAN-4.jpg "No addition shall be made on Supervisory and Risk Management Expenses incurred in Insurance Brokerage Business for Prospective Clients: Delhi HC upholds ITAT Order [Read Order]")
Disallowance u/s 14 A of Income Tax Act not warranted in Absence of Borrowed Fund in Books of Accounts: Delhi HC [Read Order]
The revenue challenged the order passed by the Income Tax Appellate Tribunal about Assessment Year 2012-13. On advance notice, the respondent/assessee entered an appearance through...
![Disallowance u/s 14 A of Income Tax Act not warranted in Absence of Borrowed Fund in Books of Accounts: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Income-Tax-Act-Absence-of-Borrowed-Fund-Borrowed-Fund-Books-of-Accounts-Delhi-High-Court-TAXSCAN.jpg "Disallowance u/s 14 A of Income Tax Act not warranted in Absence of Borrowed Fund in Books of Accounts: Delhi HC [Read Order]")
ITAT grants fresh Adjudication for Failure of AO to Examine Additional Evidences related to Disallowance of Sales Promotion Expenses [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) granted fresh adjudication for the failure of the Assessing Officer (AO) to examine the additional evidence relating to the disallowance...
![ITAT grants fresh Adjudication for Failure of AO to Examine Additional Evidences related to Disallowance of Sales Promotion Expenses [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Adjudication-ITAT-ITAT-grants-fresh-Adjudication-Failure-of-AO-Additional-Evidences-Disallowance-Sales-Promotion-Expenses-ITAT-grants-fresh-Adjudication-for-Failure-of-AO-taxscan.jpg "ITAT grants fresh Adjudication for Failure of AO to Examine Additional Evidences related to Disallowance of Sales Promotion Expenses [Read Order]")
[BREAKING] Relief to Jindal Steel & Power: Supreme Court upholds deletion of Addition made on Payment to SK Gupta and Group of Companies [Read Order]
In a major relief to Jindal Steel and Power Ltd, the Supreme Court has upheld the deletion of addition made on payments made to S K Gupta and group of companies. This brings us to the second of...
