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Deduction u/s 36(1) (va) Allowable Only if Employees’ Share in Relevant Funds Are Deposited before due Date Stipulated in Respective Acts: ITAT [Read Order]

Gayathri C.H

The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, held that deduction under Section 36(1) (va) is...

Interest Income from Fixed Deposit is eligible for Deduction u/s 80IA: ITAT [Read Order]

Claiming Section 80G Deduction - Deduction - ITR Filing - taxscan

Claiming Section 80G Deduction: A Guide to Include it in Your ITR Filing

ITAT disallows Deduction under Section 80P Due to Late Submission of Return [Read Order]

Grants from West Bengal State Government to Co-operative Society not Income from other source: ITAT...

Deduction u/s 35(2AB) of Income Tax Act cannot be Denied Ignoring Form 3CL: ITAT [Read Order]

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that deduction under Section 35(2AB) of the Income Tax Act could not be denied by ignoring Form 3CL. The assessee Indian Toners and...

Deduction u/s 80IC of IT Act shall not be denied if Assessee forms New Firm in same Name at same Premises: ITAT [Read Order]

The Delhi bench of Income Tax Appellate Tribunal (ITAT) has recently held that deduction under Section 80IC of Income Tax Act 1961 should not be denied if assessee form a new firm in the same...

Ownership of Equipment in Bandwidth Selling Business: ITAT upholds Reduction in Profit eligible for Deduction in Revenue Sharing [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has upheld the reduction in profit eligible for deduction in revenue sharing as the assessee had the ownership of equipment in bandwidth...

ITAT allows Deduction as Amendment in Section 36(1) (va) only Applicable from April 1st Onwards [Read Order]

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) recently allowed the deduction due to amendment in Section 36(1)(va) of Income Tax Act, 1961 is only applicable from April 1st onwards. ...

ESI/PF Contribution made after due Date: ITAT Disallows Deduction u/s 143(1) (a) of IT Act for Late Deposit [Read Order]

The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) recently disallowed the deduction under Section 143 B of the Income Tax Act, 1961 due to late deposit and ESI/PF contribution made...

Deduction Allowable on written off Bad Debts since Unpaid Portion of Sale Amount and Bad Debts written off Claimed are Same: ITAT [Read Order]

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has allowed deduction to bad debts written off since the unpaid portion of sale amount and bad debts written off claims were the same. the...

Relief to Fresenius Kabi: CESTAT rules Deduction on Account of Octroi and Additional Sales Tax are Permissible [Read Order]

In a major relief to M/s Fresenius Kabi Oncology Limited, the appellant, the Chandigarh Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), ruled that the deduction on account...

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