![Claim of Interest paid to the Firm on overdrawn Capital is allowable as a Business Expense: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Claim-interest-paid-capital-business-expense-ITAT-taxscan.jpg "Claim of Interest paid to the Firm on overdrawn Capital is allowable as a Business Expense: ITAT [Read Order]")
Claim of Interest paid to the Firm on overdrawn Capital is allowable as a Business Expense: ITAT [Read Order]
The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) has held that the claim of interest paid to the firm on overdrawn capital is an...
![No Claim of Capital Loss when revised Income Tax Return filed u/s 139(5) became non-est: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Claim-Capital-Loss-Income-Tax-Return-non-est-ITAT-taxscan.jpg "No Claim of Capital Loss when revised Income Tax Return filed u/s 139(5) became non-est: ITAT [Read Order]")
![Educational Institutions making Profits and Gains cannot Claim IT Exemption u/s 10(23C): Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/10/Educational-Institutions-Profits-Gains-Claim-IT-Exemption-Supreme-Court-TAXSCAN.jpg "Educational Institutions making Profits and Gains cannot Claim IT Exemption u/s 10(23C): Supreme Court [Read Judgment]")
![Date of Original submission has to be considered on Computing the period of one year for Claim of Refund: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Date-Original-submission-considered-Computing-Claim-of-Refund-CESTAT-TAXSCAN-1.jpeg "Date of Original submission has to be considered on Computing the period of one year for Claim of Refund: CESTAT [Read Order]")
![Relief to Singapore Airlines: CESTAT rejects Tax claim of 5 Cr ordered as ‘Deemed Provider’ of OIDAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Relief-Singapore-Airlines-CESTAT-deemed-provider-online-information-TAXSCAN.jpg "Relief to Singapore Airlines: CESTAT rejects Tax claim of 5 Cr ordered as ‘Deemed Provider’ of OIDAR [Read Order]")
Sleeping over Rights for nearly Ten years, cannot take shelter under Law: CESTAT rejects Refund claim [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Chennai Bench rejected claim for refund and held that sleeping over rights for nearly ten years, cannot take shelter under law. The...
![Sleeping over Rights for nearly Ten years, cannot take shelter under Law: CESTAT rejects Refund claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/CESTAT-refund-claim-TAXSCAN.jpeg "Sleeping over Rights for nearly Ten years, cannot take shelter under Law: CESTAT rejects Refund claim [Read Order]")
Supply from DTA to SEZ: CESTAT allows CENVAT Credit Claim by ArcelorMittal Nippon Steel India [Read Order]
In a major relief to ArcelorMittal Nippon Steel India Pvt. Ltd. (Formerly Essar Steel India Ltd.), the Hyderabad Bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that, Cenvat...
![Supply from DTA to SEZ: CESTAT allows CENVAT Credit Claim by ArcelorMittal Nippon Steel India [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/DTA-SEZ-CESTAT-CENVAT-ArcelorMittal-Nippon-Steel-TAXSCAN.jpg "Supply from DTA to SEZ: CESTAT allows CENVAT Credit Claim by ArcelorMittal Nippon Steel India [Read Order]")
![Claim for Deduction of Educational Cess not Allowable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Claim-Deduction-Educational-Cess-ITAT-taxscan.jpg "Claim for Deduction of Educational Cess not Allowable: ITAT [Read Order]")
Claim for Cenvat Credit for group Mediclaim and Personal Accident Policy to Employee by Thyssenkrupp Industries: CESTAT remands back matter [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Mumbai remanded back the matter fro redetermination in an appeal filed by M/s. ThyssenKrupp Industries Pvt. Ltd which claimed for...
![Claim for Cenvat Credit for group Mediclaim and Personal Accident Policy to Employee by Thyssenkrupp Industries: CESTAT remands back matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Claim-Cenvat-Credit-mediclaim-personal-accident-policy-Thyssenkrupp-Industries-CESTAT-taxscan.jpeg "Claim for Cenvat Credit for group Mediclaim and Personal Accident Policy to Employee by Thyssenkrupp Industries: CESTAT remands back matter [Read Order]")
Failure to file Form No.10B Electronically: ITAT upholds Denial of Exemption claimed u/s 11 and 12 [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has up held the denial of exemption claimed under sections 11 and 12 since failure to file Form No.10B electronically. The appellant, Shri...
![Failure to file Form No.10B Electronically: ITAT upholds Denial of Exemption claimed u/s 11 and 12 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Form-No.10B-ITAT-claim-taxscan.jpeg "Failure to file Form No.10B Electronically: ITAT upholds Denial of Exemption claimed u/s 11 and 12 [Read Order]")
Income Tax Return filed prior to Death of Assesse shall be the basis of computing Loss of Future Income of Assesse for MACT Claim: Gujarat HC [Read Order]
The High Court of Gujarat has, in a recent appeal filed before it by the parents of the deceased assesse, held that the income tax return filed prior to the death of the assesse shall be the basis of...
![Income Tax Return filed prior to Death of Assesse shall be the basis of computing Loss of Future Income of Assesse for MACT Claim: Gujarat HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Income-Tax-Return-computing-Loss-Income-MACT-Claim-Gujarat-HC-taxscan.jpeg "Income Tax Return filed prior to Death of Assesse shall be the basis of computing Loss of Future Income of Assesse for MACT Claim: Gujarat HC [Read Order]")
Denial on Claim of Past Savings will not sustainable when relevant details being furnished: ITAT [Read Order]
On hearing the appeal against the order of CIT(A), the Varanasi bench of the Income Tax Appellate Tribunal (ITAT) held that denial of the claim of past savings will not sustainable when relevant...
![Denial on Claim of Past Savings will not sustainable when relevant details being furnished: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/claim-savings-ITAT-taxscan.jpeg "Denial on Claim of Past Savings will not sustainable when relevant details being furnished: ITAT [Read Order]")