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Confiscation of Smuggled Silver not allowable as 'Business Loss': Supreme Court [Read Judgement]
In a recent judgement, the Supreme Court of India held that confiscation of smuggled silver is not allowable as a’ business loss'. A search was...
![Depreciation Allowable on Goodwill which was Included in Determining Face Value of Shares in the Scheme of Amalgamation: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Depreciation-Goodwill-Face-Value-of-Shares-Shares-Scheme-of-Amalgamation-Amalgamation-ITAT-Income-Tax-Taxscan-.jpg "Depreciation Allowable on Goodwill which was Included in Determining Face Value of Shares in the Scheme of Amalgamation: ITAT [Read Order]")
![Branding Expenses by Start-Up before Commencement of Business constitute “Business Loss”: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Branding-Expenses-Start-Up-Commencement-of-Business-Business-Loss-ITAT-Income-Tax-taxscan-.jpg "Branding Expenses by Start-Up before Commencement of Business constitute “Business Loss”: ITAT [Read Order]")
![Objection to Scheme of Amalgamation can raise only before sanctioning by High Court: ITAT allows adjustment on Business Loss and set off of Capital Loss [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Capital-Loss-Business-Loss-Scheme-of-Amalgamation-Amalgamation-High-Court-ITAT-Income-Tax-taxscan-.jpg "Objection to Scheme of Amalgamation can raise only before sanctioning by High Court: ITAT allows adjustment on Business Loss and set off of Capital Loss [Read Order]")
Loss of Investment written off as Bad Debt and Same can't Claim as Business Loss: ITAT upholds Order of CIT(A) against Ceramin India [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that Loss of investment written off as bad debt and same can't claim as a business loss and upheld order of CIT(A) against...
![Loss of Investment written off as Bad Debt and Same cant Claim as Business Loss: ITAT upholds Order of CIT(A) against Ceramin India [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Loss-of-Investment-Investment-written-off-Bad-Debt-Bad-Debt-written-off-Claim-Business-Loss-ITAT-CITA-Ceramin-India-Taxscan.jpg "Loss of Investment written off as Bad Debt and Same cant Claim as Business Loss: ITAT upholds Order of CIT(A) against Ceramin India [Read Order]")
![Business Loss cannot be disallowed as AO has not Rejected Books of Accounts: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Business-loss-AO-books-of-accounts-ITAT-taxscan.jpg "Business Loss cannot be disallowed as AO has not Rejected Books of Accounts: ITAT [Read Order]")
![Share Trading through Benami: ITAT upholds Denial of Claim of Business Loss [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Share-Trading-Benami-ITAT-Business-Loss-taxscan.jpeg "Share Trading through Benami: ITAT upholds Denial of Claim of Business Loss [Read Order]")
![Claim of setoff of Business Losses against Speculative Income is allowable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/business-losses-speculative-income-ITAT-taxscan.jpg "Claim of setoff of Business Losses against Speculative Income is allowable: ITAT [Read Order]")
![Loss from Equity Shares eligible to deduct as a Business Loss: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/equity-shares-deduct-business-loss-ITAT-taxscan.jpeg "Loss from Equity Shares eligible to deduct as a Business Loss: ITAT [Read Order]")
Short-Payment of Invoices can be treated as Business Loss even If Claim is not substantiated with Specific Invoices: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench has held that the short payment of invoices can be treated as business loss even if the claim is not substantiated with specific invoices. ...
![Short-Payment of Invoices can be treated as Business Loss even If Claim is not substantiated with Specific Invoices: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Short-Payment-Business-Loss-Invoices-ITAT-taxscan.jpeg "Short-Payment of Invoices can be treated as Business Loss even If Claim is not substantiated with Specific Invoices: ITAT [Read Order]")
![Set Off of Business Loss by Showing Bogus Transactions: ITAT upholds Income Tax Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Business-Loss-Bogus-Transactions-ITAT-Income-Tax-Penalty-taxscan.jpeg "Set Off of Business Loss by Showing Bogus Transactions: ITAT upholds Income Tax Penalty [Read Order]")