Retirement amount received by partner through Arbitration Proceedings from partnership firm is not chargeable to tax: Bombay HC quashes Reassessment Proceedings [Read Order]
In a recent case, the Bombay High Court, while quashing the reassessment proceedings, held that the retirement amount received by the partner through...
![Disciplinary Proceedings against Income Tax Commissioner on allowing Unsubstantiated claims of sub-contract expenses by wrong finding: Delhi HC upholds CATS Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Disciplinary-Proceedings-Income-Tax-Commissioner-Unsubstantiated-Claims-delhi-hc-taxscan.jpg "Disciplinary Proceedings against Income Tax Commissioner on allowing Unsubstantiated claims of sub-contract expenses by wrong finding: Delhi HC upholds CATS Order [Read Order]")
![Depreciation on Software calculated at Rate of 25% Instead of 60%: Delhi HC upholds Deletion of Disallowance under Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Depreciation-on-Software-Delhi-HC-Deletion-of-Disallowance-Income-Tax-Act-TAXSCAN.jpg "Depreciation on Software calculated at Rate of 25% Instead of 60%: Delhi HC upholds Deletion of Disallowance under Income Tax Act [Read Order]")
![Disallowance on Professional/Technical Fee to GEL: Delhi HC allows Deduction under the Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Disallowance-Professional-fee-technical-Fee-GEL-Disallowance-on-Professional-technical-Fee-to-GEL-Delhi-HC-taxscan.jpg "Disallowance on Professional/Technical Fee to GEL: Delhi HC allows Deduction under the Income Tax Act [Read Order]")
Appeal against Assessment Order under Income Tax Act Pending before Appellate Authority: Kerala HC directs to Decide Appeal Expeditiously [Read Order]
The Kerala High Court directed to decide appeal expeditiously as the appeal against the assessment order under Income Tax Act, 1961 pending before the appellate authority. The present writ...
![Appeal against Assessment Order under Income Tax Act Pending before Appellate Authority: Kerala HC directs to Decide Appeal Expeditiously [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Appeal-Assessment-Order-Income-Tax-Act-Appellate-Authority-Kerala-HC-taxscan.jpg "Appeal against Assessment Order under Income Tax Act Pending before Appellate Authority: Kerala HC directs to Decide Appeal Expeditiously [Read Order]")
![No penalty or interest leviable on filing income tax return on time: Kerala HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/No-penalty-interest-leviable-filing-income-tax-return-on-time-Kerala-HC-taxscan.jpg "No penalty or interest leviable on filing income tax return on time: Kerala HC [Read Order]")
Issuance of Demand Notice without considering Application to Condone Delay of 24 days in filing Appeal against Assessment Order under Income Tax Act: Kerala HC directs to consider delay application
The Kerala High Court directed to consider delay application in the matter of issuance of demand notice without considering application to condone delay of 24 days in filing appeal against assessment...
Delhi HC upholds Deletion of Disallowance on Expenses Incurred during Pre-Operative Stage [Read Order]
The Delhi High Court upheld the deletion of disallowance on expenses incurred during pre-operative stage. The appellant/revenue, via the instant appeal, seeks to assail the order dated 10.06.2019...
Failure of assessee to explain allowability of freight expenditure and labour charges payable, claimed in closing stock: ITAT dismisses appeal [Read Order]
The Chennai Bench of Income tax Appellate Tribunal (ITAT) held that due to no explanation of assessee for allowability of freight expenditure and labour charges, claimed by assessee in closing stock....
![Failure of assessee to explain allowability of freight expenditure and labour charges payable, claimed in closing stock: ITAT dismisses appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Failure-of-assessee-freight-expenditure-labour-charges-closing-stock-ITAT-taxscan.jpg "Failure of assessee to explain allowability of freight expenditure and labour charges payable, claimed in closing stock: ITAT dismisses appeal [Read Order]")
Claim of Credit of TCS by Individual License holder can't be allowed when it has already been allowed to Partnership Firm: ITAT [Read Order]
The Indore bench of the Income Tax Appellate Tribunal (ITAT) held that the claim of credit of Tax Collected at Source (TCS) by individual license holders can’t be allowed when it has already been...
![Claim of Credit of TCS by Individual License holder cant be allowed when it has already been allowed to Partnership Firm: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Claim-of-Credit-TCS-Individual-License-holder-Partnership-Firm-ITAT-TAXSCAN.jpg "Claim of Credit of TCS by Individual License holder cant be allowed when it has already been allowed to Partnership Firm: ITAT [Read Order]")
Income earned by way of Interest and claimed under "Income from Other Sources" shall be Allowable Expenditure u/s 57(iii): ITAT [Read Order]
The Raipur bench of the Income Tax Appellate Tribunal (ITAT) held that the income earned by way of interest and claimed under income from other sources shall be allowable expenditure under Section...
![Income earned by way of Interest and claimed under Income from Other Sources shall be Allowable Expenditure u/s 57(iii): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Income-earned-by-way-of-Interest-Income-from-Other-Sources-ITAT-taxscan.jpg "Income earned by way of Interest and claimed under Income from Other Sources shall be Allowable Expenditure u/s 57(iii): ITAT [Read Order]")