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Transportation charges separately shown is Deductible from GTO under Odisha Sales Tax Act: Orissa HC [Read Order]
In a recent decision the Orissa High Court observed that the transportation charges separately shown is deductible from Goods transport operator(GTO)...
![Expenditure towards Wage Settlement Deductible in the Year of Actual Payment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Expenditure-Wage-Settlement-Wage-Settlement-Deductible-Actual-Payment-ITAT-Income-Tax-taxscan.jpg "Expenditure towards Wage Settlement Deductible in the Year of Actual Payment: ITAT [Read Order]")
![Gifts to Dealers and “Shagun” during Marriage of Dealers and Staff are Effective Tools for Business Promotion and Social Welfare, Deductible: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Gifts-Dealers-Gifts-to-Dealers-Shagun-Marriage-of-Dealers-Marriage-of-Dealers-and-Staff-Business-Promotion-Social-Welfare-Deductible-ITAT-Taxscan.jpg "Gifts to Dealers and “Shagun” during Marriage of Dealers and Staff are Effective Tools for Business Promotion and Social Welfare, Deductible: ITAT [Read Order]")
![Premium Expenses on FCCB is Revenue Expenditure, Deductible: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Premium-Expenses-Premium-FCCB-Revenue-Expenditure-Deductible-ITAT-Income-Tax-Tax-taxscan.jpg "Premium Expenses on FCCB is Revenue Expenditure, Deductible: ITAT [Read Order]")
![Commission Paid to Managing Director and Working Director is Deductible from Company’s Total Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Commission-Paid-to-Managing-Director-Taxscan.jpg "Commission Paid to Managing Director and Working Director is Deductible from Company’s Total Income: ITAT [Read Order]")
Ex-Gratia Payments made in connection with VRS due to Closure of Business is Deductible u/s 37(1): ITAT Kolkata [Read Order]
In DCIT v. M/s Linde India Ltd, the ITAT Kolkata bench held that ex-gratia/additional Payments made by a company in connection with VRS due to closure of Business is allowable as Expenditure under...
![Ex-Gratia Payments made in connection with VRS due to Closure of Business is Deductible u/s 37(1): ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Kolkata-TaxScan.jpg "Ex-Gratia Payments made in connection with VRS due to Closure of Business is Deductible u/s 37(1): ITAT Kolkata [Read Order]")
Interest Paid to Seller of Securities for the broken period is Deductible from Income: Bombay HC [Read Order]
The division bench of the Bombay High Court, in CIT v. American Express Bank, held that the amount of interest paid to the seller of the securities for the broken period is deductible from the total...
![Interest Paid to Seller of Securities for the broken period is Deductible from Income: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/03/Interest-Deductible-Taxscan.jpg "Interest Paid to Seller of Securities for the broken period is Deductible from Income: Bombay HC [Read Order]")