![Actual Interest Expenditure to be Adjusted against Income Earned by way of Interest under Income Tax Act: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Actual-Interest-Expenditure-Adjusted-against-Income-Earned-Interest-under-Income-Tax-Act-Delhi-HC-TAXSCAN.jpg "Actual Interest Expenditure to be Adjusted against Income Earned by way of Interest under Income Tax Act: Delhi HC [Read Order]")
Actual Interest Expenditure to be Adjusted against Income Earned by way of Interest under Income Tax Act: Delhi HC [Read Order]
In a recent decision the Delhi High Court ruled that actual interest expenditure to be adjusted against income earned by way of interest under the...
![Rejection of Application for Registration u/s 12A of Income Tax Act: Kerala HC directs Assessee to Appear before Commissioner of Income Tax [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Rejection-of-Application-for-Registration-Income-Tax-Act-Kerala-HC-Appear-Commissioner-of-Income-Tax-taxscan.jpg "Rejection of Application for Registration u/s 12A of Income Tax Act: Kerala HC directs Assessee to Appear before Commissioner of Income Tax [Read Order]")
![Addition u/s 68 of Income Tax Act cant be made when Assessee Established Genuineness of Sundry Creditors: ITAT grants relief to Serco India [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Serco-India-Pvt.-Ltd-ITAT-Income-Tax-Act-grants-TAXSCAN.jpg "Addition u/s 68 of Income Tax Act cant be made when Assessee Established Genuineness of Sundry Creditors: ITAT grants relief to Serco India [Read Order]")
![CIT has no Role in Extending Timeframe as AO was in seisin of Assessment Proceedings: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/CIT-Assessing-Officer-Assessment-Proceedings-Delhi-High-Court-Extending-Timeframe-taxscan.jpg "CIT has no Role in Extending Timeframe as AO was in seisin of Assessment Proceedings: Delhi HC [Read Order]")
Satisfaction of Joint Commissioner not obtained u/s 151(2) of Income Tax Act before issuing Income Tax Notice: SC Condones Delay in SLP filed by Income Tax Dept [Read Order]
The Supreme Court of India condoned delay in special leave petition (SLP) filed by the Income Tax Department in the matter satisfaction of the Joint Commissioner not obtained under Section 151(2) of...
![Satisfaction of Joint Commissioner not obtained u/s 151(2) of Income Tax Act before issuing Income Tax Notice: SC Condones Delay in SLP filed by Income Tax Dept [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Satisfaction-Joint-Commissioner-Income-Tax-Act-Income-Tax-Notice-SC-Condones-Delay-SLP-Income-Tax-Dept-TAXSCAN.jpg "Satisfaction of Joint Commissioner not obtained u/s 151(2) of Income Tax Act before issuing Income Tax Notice: SC Condones Delay in SLP filed by Income Tax Dept [Read Order]")
Delhi HC dismisses News click's Plea seeking Stay of Income Tax Demand During Pendency of Appeal Before Commissioner of Income Tax [Read Order]
The Delhi High Court dismissed Newsclick's plea seeking stay of income tax demand during pendency of appeal before the Commissioner of Income Tax. The present petition has been filed challenging...
![Delhi HC dismisses News clicks Plea seeking Stay of Income Tax Demand During Pendency of Appeal Before Commissioner of Income Tax [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Delhi-High-Court-Newsclick-Income-Tax-Demand-Stay-Pendency-of-Appeal-Commissioner-of-Income-Tax-TAXSCAN.jpg "Delhi HC dismisses News clicks Plea seeking Stay of Income Tax Demand During Pendency of Appeal Before Commissioner of Income Tax [Read Order]")
AO cannot Trigger Reassessment When Pending Appeal on Income Tax Addition Sustain: Delhi HC [Read Order]
The Delhi High Court has held that the Assessing Officer cannot trigger reassessment when a pending appeal on income tax addition is sustained. The appellant/revenue challenged the common order...
![AO cannot Trigger Reassessment When Pending Appeal on Income Tax Addition Sustain: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Trigger-Reassessment-Reassessment-AO-Assessing-Officer-Pending-Appeal-Income-Tax-Addition-Income-Tax-Delhi-High-Court-TAXSCAN.jpg "AO cannot Trigger Reassessment When Pending Appeal on Income Tax Addition Sustain: Delhi HC [Read Order]")
Pending Income Tax Appeal before ITAT on Income Tax Recovery: Kerala HC directs to file Stay Application [Read Order]
The Kerala High Court directed the petitioner to file a stay application as the Income-tax appeal is Pending before the Income Tax Appellate Tribunal (ITAT) on Income Tax Recovery Puliyammakkal...
![Pending Income Tax Appeal before ITAT on Income Tax Recovery: Kerala HC directs to file Stay Application [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Income-Tax-Appeal-kerala-hc-saty-application-taxscan.jpg "Pending Income Tax Appeal before ITAT on Income Tax Recovery: Kerala HC directs to file Stay Application [Read Order]")
Income Tax Authorities cannot determine how much expenditure should have been incurred for the purpose of business: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench held that, income tax authorities cannot determine how much expenditure should have been incurred for the purpose of business. The appellant,...
![Income Tax Authorities cannot determine how much expenditure should have been incurred for the purpose of business: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/ITAT-INCOME-TAX-expenditure-Authoritie-TAXSCAN.jpg "Income Tax Authorities cannot determine how much expenditure should have been incurred for the purpose of business: ITAT [Read Order]")
![NCLT dismisses CIRP Application aimed to avoid Income Tax Liability, slaps Rs 1 Lakh Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Penalty-CIRP-NCLT-penalty-taxscan.jpg "NCLT dismisses CIRP Application aimed to avoid Income Tax Liability, slaps Rs 1 Lakh Penalty [Read Order]")
Donation voluntarily Paid to Educational Trust does not amount to Capitation Fee: Supreme Court Stay Income Tax Proceedings Public Charitable Trust [Read Order]
The Supreme Court stayed the Income Tax Proceedings against the public charitable trust as donation voluntarily paid to the educational trust does not amount to a capitation fee. The Special Leave...
![Donation voluntarily Paid to Educational Trust does not amount to Capitation Fee: Supreme Court Stay Income Tax Proceedings Public Charitable Trust [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Charitable-Trust-Supreme-Court-Stay-Educational-Trust-taxscan.jpg "Donation voluntarily Paid to Educational Trust does not amount to Capitation Fee: Supreme Court Stay Income Tax Proceedings Public Charitable Trust [Read Order]")