Begin typing your search above and press return to search.
![ITAT deletes addition on account of Miscellaneous Expenditure [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/ITAT-Miscellaneous-expenditure-taxscan.jpg "ITAT deletes addition on account of Miscellaneous Expenditure [Read Order]")
ITAT deletes addition on account of Miscellaneous Expenditure [Read Order]
The Income Tax Appellate Tribunal (ITAT), Hyderabad Bench deleted the addition on account of miscellaneous expenditure. The Revenue’s sole...
![Penalty can be imposed only if Income concealed or furnish inaccurate particulars of Income: Delhi High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Penalty-income-concealed-inaccurate-particulars-of-Income-Delhi-HC-Taxscan.jpg "Penalty can be imposed only if Income concealed or furnish inaccurate particulars of Income: Delhi High Court [Read Order]")
![Penalty cant Stand Alone where underlying Quantum Addition is set aside by Competent Authority: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Penalty-Quantum-Addition-Competent-Authority-ITAT-Taxscan.jpg "Penalty cant Stand Alone where underlying Quantum Addition is set aside by Competent Authority: ITAT [Read Order]")
![Interest on Late Payment of TDS does not constitute Business Expenditure: ITAT disallows Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Interest-Late-Payment-TDS-Business-Expenditure-ITAT-Deduction-taxscan.jpg "Interest on Late Payment of TDS does not constitute Business Expenditure: ITAT disallows Deduction [Read Order]")
![Income Tax: Computation of Books Profit invalid where Gross Taxable Income and Total income are Nil, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Computation-of-Books-Profit-Gross-Taxable-Income-Total-income-ITAT-Taxscan.jpeg "Income Tax: Computation of Books Profit invalid where Gross Taxable Income and Total income are Nil, rules ITAT [Read Order]")
![Penalty imposed without specifying exact ground is defective: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Penalty-ITAT-Taxscan.jpeg "Penalty imposed without specifying exact ground is defective: ITAT [Read Order]")
Compensation received for refraining from carrying on Competitive Business was Capital Receipt, not Taxable: Madras High Court [Read Judgment]
The Madras High Court while dismissing the appeal of the revenue held that the Compensation received for refraining from carrying on competitive business was a capital receipt is not taxable during...
![Compensation received for refraining from carrying on Competitive Business was Capital Receipt, not Taxable: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/04/Compensation-competitive-business-capital-receipt-Madras-HC-Taxscan.jpg "Compensation received for refraining from carrying on Competitive Business was Capital Receipt, not Taxable: Madras High Court [Read Judgment]")
Madras High Court deletes disallowance of Expenses incurred towards Foreign Education and Training Expenses of a Partner [Read Judgment]
The Madras High Court deleted the disallowance of expenses incurred towards foreign education and training expenses of a partner. The appellant, M/s.Aswathanarayana & Eswara has raised the...
![Madras High Court deletes disallowance of Expenses incurred towards Foreign Education and Training Expenses of a Partner [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/04/Madras-HC-disallowance-of-expenses-foreign-education-training-expenses-of-a-partner-Taxscan.jpg "Madras High Court deletes disallowance of Expenses incurred towards Foreign Education and Training Expenses of a Partner [Read Judgment]")
![ITAT deletes Addition made on account of disallowing Long Term Capital Gains [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/ITAT-long-term-capital-gains-Taxscan.jpg "ITAT deletes Addition made on account of disallowing Long Term Capital Gains [Read Order]")
![Loan Amount can’t be Taxed as it is a liability and not Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Loan-liability-income-ITAT-Taxscan-1.jpg "Loan Amount can’t be Taxed as it is a liability and not Income: ITAT [Read Order]")
![ITAT allows Deduction u/s 54F on Residential House Property purchased in the Name of Wife [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/ITAT-deduction-residential-house-property-Taxscan.jpg "ITAT allows Deduction u/s 54F on Residential House Property purchased in the Name of Wife [Read Order]")
Incidental Activities of Trust Carrying Out Charitable Purpose u/s 2(15) Income Tax Act can’t be Deemed as Commercial Activities: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) held that where the purpose of the trust is relief to poor, education, or medical relief, the other activities carried on by the Trust in...
![Incidental Activities of Trust Carrying Out Charitable Purpose u/s 2(15) Income Tax Act can’t be Deemed as Commercial Activities: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Trust-Charitable-Purpose-Income-Tax-Act-Commercial-Activities-ITAT-Taxscan.jpg "Incidental Activities of Trust Carrying Out Charitable Purpose u/s 2(15) Income Tax Act can’t be Deemed as Commercial Activities: ITAT [Read Order]")