![ITAT deletes Addition on account of Expenditure made by Assessee Company to receive Accommodation Entries [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/12/ITAT-ASSESSEE-COMPANY-TAXSCAN.jpg "ITAT deletes Addition on account of Expenditure made by Assessee Company to receive Accommodation Entries [Read Order]")
ITAT deletes Addition on account of Expenditure made by Assessee Company to receive Accommodation Entries [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) deleted the addition on account of expenditure made by assessee company to receive...
![ITAT deletes Disallowance made on account of Depreciation on Right to Collect Annuity on Toll Roads [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/12/ITAT-Disallowance-depreciation-Right-To-Collect-Annuity-Toll-Roads-Taxscan.jpg "ITAT deletes Disallowance made on account of Depreciation on Right to Collect Annuity on Toll Roads [Read Order]")
![Addition can’t be made on Evidence of Third Party without granting Cross-Examination to Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/12/Evidence-Third-Party-Cross-Examination-Assessee-ITAT-Taxscan.jpg "Addition can’t be made on Evidence of Third Party without granting Cross-Examination to Assessee: ITAT [Read Order]")
![ITAT deletes Addition on Account of Investment made from Undisclosed Sources as all Transactions were made through Banking Channels [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/11/ITAT-transactions-investment-undisclosed-sources-Taxscan.jpeg "ITAT deletes Addition on Account of Investment made from Undisclosed Sources as all Transactions were made through Banking Channels [Read Order]")
![Single Transaction of Buying and Selling of Shares can’t be treated as Business Activity: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/09/Selling-of-Shares-Business-Activity-ITAT-Taxscan.jpg "Single Transaction of Buying and Selling of Shares can’t be treated as Business Activity: ITAT [Read Order]")
Expenditure incurred allowable to Company on Lands purchased from its Directors as substantial profits were earned by company: Madras High Court [Read Judgment]
The Madras High Court held that expenditure incurred is allowable to the company on lands purchased from its Directors as substantial profits were earned by the company. The respondent-assessee,...
![Expenditure incurred allowable to Company on Lands purchased from its Directors as substantial profits were earned by company: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/08/Expenditure-substantial-profits-Madras-High-Court-Taxscan.jpeg "Expenditure incurred allowable to Company on Lands purchased from its Directors as substantial profits were earned by company: Madras High Court [Read Judgment]")
Setback to Sahara India Life Insurance: Interest on TDS not an allowable Expenditure under Income Tax, reiterates ITAT [Read Order]
In a major Setback to the Sahara India Life Insurance, the Income Tax Appellate Tribunal (ITAT), Delhi Bench ruled that the Interest on TDS is not an allowable expenditure under Income Tax. The...
![Setback to Sahara India Life Insurance: Interest on TDS not an allowable Expenditure under Income Tax, reiterates ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/07/Sahara-India-Life-Insurance-TDS-Income-Tax-ITAT-Taxscan.jpeg "Setback to Sahara India Life Insurance: Interest on TDS not an allowable Expenditure under Income Tax, reiterates ITAT [Read Order]")
Relief to Reliance: Standby Maintenance Charges received can’t be assessed as FTS, rules ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench ruled that the Standby Maintenance Charges received can not be assessed as fees for technical services (FTS) and taxable only to the extent of...
![Relief to Reliance: Standby Maintenance Charges received can’t be assessed as FTS, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/Reliance-Globalcom-Limited-Standby-Maintenance-Charges-FTS-ITAT-Taxscan.jpg "Relief to Reliance: Standby Maintenance Charges received can’t be assessed as FTS, rules ITAT [Read Order]")
Penalty can’t be imposed for Non-Deduction of TDS as quantum of Payment not determinable: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench held that the penalty can not be imposed for non-deduction of TDS as the quantum of payment is not determinable. The assessee, Biocon Ltd....
![Penalty can’t be imposed for Non-Deduction of TDS as quantum of Payment not determinable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/Penalty-non-deduction-of-TDS-ITAT-Taxscan.jpg "Penalty can’t be imposed for Non-Deduction of TDS as quantum of Payment not determinable: ITAT [Read Order]")
ITAT allows Section 80P Deduction to Advocates Mutually Aided Co-op Societies despite Loans to Non-Agriculture Members [Read Order]
The Income Tax Appellate Tribunal (ITAT), Hyderabad Bench allowed the Deduction under Section 80P of the Income Tax Act, 1961 to Co-operative Societies despite Loans to Non-Agriculture Members....
![ITAT allows Section 80P Deduction to Advocates Mutually Aided Co-op Societies despite Loans to Non-Agriculture Members [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/ITAT-Section-80P-Deduction-Advocates-Mutually-Aided-Co-op-Societies-despite-Loans-Non-Agriculture-Members-Taxscan.jpg "ITAT allows Section 80P Deduction to Advocates Mutually Aided Co-op Societies despite Loans to Non-Agriculture Members [Read Order]")
