![ITAT deletes Addition made on account of Transport Subsidy, Power Subsidy, and Interest Subsidy [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-Transport-Subsidy-Power-Subsidy-Interest-Subsidy-taxscan.jpg "ITAT deletes Addition made on account of Transport Subsidy, Power Subsidy, and Interest Subsidy [Read Order]")
ITAT deletes Addition made on account of Transport Subsidy, Power Subsidy, and Interest Subsidy [Read Order]
The Income Tax Appellate Tribunal (ITAT), Kolkata Bench deleted the addition made on account of Transport Subsidy, Power Subsidy and Interest...
![Excess Expenditure incurred by Trust in earlier Assessment Year could be allowed to be set off against Income of subsequent years: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/expenditure-trust-assessment-year-income-of-subsequent-years-ITAT-Taxscan.jpg "Excess Expenditure incurred by Trust in earlier Assessment Year could be allowed to be set off against Income of subsequent years: ITAT [Read Order]")
![No Retrospective Effect of Deduction u/s 54 restricted to only one Residential House by the Finance Act 2014: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Deduction-residential-house-Finance-Act-ITAT-Taxscan.jpeg "No Retrospective Effect of Deduction u/s 54 restricted to only one Residential House by the Finance Act 2014: ITAT [Read Order]")
ITAT directs AO to allow Expenditure incurred at Head Office except director Salary against Interest Income [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai Bench directed AO to allow expenditure incurred at Head Office except for director salary against interest income. The assessee, M/s. The...
![ITAT directs AO to allow Expenditure incurred at Head Office except director Salary against Interest Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-AO-expenditure-interest-income-Taxscan.jpg "ITAT directs AO to allow Expenditure incurred at Head Office except director Salary against Interest Income [Read Order]")
Tribunal erred in upholding Disallowance of Commission Payment as no document was considered: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench ruled that the tribunal erred in upholding the disallowance of commission payment as no document was considered. The assessee, Paresh V. Shah...
![Tribunal erred in upholding Disallowance of Commission Payment as no document was considered: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Tribunal-disallowance-of-commission-payment-ITAT-Taxscan.jpeg "Tribunal erred in upholding Disallowance of Commission Payment as no document was considered: ITAT [Read Order]")
![ITAT deletes the Addition of Rs.1.58 Cr paid as Sub-Brokerage or Commission [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-sub-brokerage-or-Commission-taxscan.jpeg "ITAT deletes the Addition of Rs.1.58 Cr paid as Sub-Brokerage or Commission [Read Order]")
![Addition for Unexplained Cash Deposits justified if mismatch in ITR: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/unexplained-cash-deposits-ITR-ITAT-Taxscan.jpg "Addition for Unexplained Cash Deposits justified if mismatch in ITR: ITAT [Read Order]")
Relief to Bank of India: Taxes paid abroad will be allowed as Deduction in the Computation of Business Income, rules ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench while accepting the claim of the Bank of India ruled that the taxes paid abroad will be allowed as a deduction in the computation of the...
![Relief to Bank of India: Taxes paid abroad will be allowed as Deduction in the Computation of Business Income, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Relief-to-Bank-of-India-Taxes-deduction-in-the-computation-business-income-ITAT-Taxscan.jpeg "Relief to Bank of India: Taxes paid abroad will be allowed as Deduction in the Computation of Business Income, rules ITAT [Read Order]")
Crisis due to non-recovery of Bank Dues a 'Reasonable Cause' for not producing documents during Assessment: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Jaipur Bench ruled that the crisis due to non-recovery of Bank Dues is a 'Reasonable Cause' for not producing documents during Assessment. The assessee,...
![Crisis due to non-recovery of Bank Dues a Reasonable Cause for not producing documents during Assessment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/non-recovery-of-Bank-Dues-Assessment-ITAT-Taxscan.jpg "Crisis due to non-recovery of Bank Dues a Reasonable Cause for not producing documents during Assessment: ITAT [Read Order]")
Cost of Steam transferred from Power division to Sugar division computed was more than the prayer: ITAT upholds CIT(A) order [Read Order]
The Income Tax Appellate Tribunal (ITAT), Hyderabad Bench while upholding the order of CIT(A) noted that the cost of steam transferred from power division to sugar division computed was more than the...
![Cost of Steam transferred from Power division to Sugar division computed was more than the prayer: ITAT upholds CIT(A) order [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Cost-of-steam-power-division-sugar-division-ITAT-CITA-order-Taxscan.jpg "Cost of Steam transferred from Power division to Sugar division computed was more than the prayer: ITAT upholds CIT(A) order [Read Order]")