![ESOP Expenditure is Revenue in Nature: ITAT Allows Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ESOP-Expenditure-ESOP-Expenditure-ITAT-Deduction-taxscan.jpg "ESOP Expenditure is Revenue in Nature: ITAT Allows Deduction [Read Order]")
ESOP Expenditure is Revenue in Nature: ITAT Allows Deduction [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, allowed deduction, by holding that ESOP...
![ESOP Expenses Eligible for Deduction u/s 37 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ESOP-Expenses-Expenses-ESOP-Deduction-ESOP-Expenses-Eligible-for-Deduction-Income-Tax-Act-Income-Tax-taxscan.jpg "ESOP Expenses Eligible for Deduction u/s 37 of Income Tax Act: ITAT [Read Order]")
![Bad debts allowable as Deduction u/s 36(1)(vii) of Income Tax Act: ITAT allows Bank of Barodas Plea [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Bad-debts-allowable-as-Deduction-Bad-debts-Deduction-Income-Tax-Act-Income-Tax-ITAT-allows-Bank-of-Barodas-Plea-ITAT-Bank-of-Barodas-Plea-Bank-of-Baroda-taxscan.jpg "Bad debts allowable as Deduction u/s 36(1)(vii) of Income Tax Act: ITAT allows Bank of Barodas Plea [Read Order]")
Purchase of Furniture, AC to Make New House Habitable Eligible for Capital Gain Deduction: ITAT [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT), recently observed that the purchase of Furniture, Air Conditioner to make new house habitable is eligible for capital gain deduction. ...
![Purchase of Furniture, AC to Make New House Habitable Eligible for Capital Gain Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Purchase-of-Furniture-New-House-Capital-Gain-Deduction-Capital-Gain-Deduction-ITAT-Taxscan.jpg "Purchase of Furniture, AC to Make New House Habitable Eligible for Capital Gain Deduction: ITAT [Read Order]")
Deduction on Cost of Building not Allowable under 'Capital Gain' when Value of Building is not Mentioned in Fixed Assets’ Schedule: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench, has recently, in an appeal filed before it, held that deduction on cost of building is not allowable under the head ‘capital gain’, when the...
![Deduction on Cost of Building not Allowable under Capital Gain when Value of Building is not Mentioned in Fixed Assets’ Schedule: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Deduction-on-Cost-of-Building-Deduction-Cost-of-Building-Capital-Gain-Value-of-Building-Fixed-Assets-Fixed-Assets-Schedule-ITAT-taxscan.jpg "Deduction on Cost of Building not Allowable under Capital Gain when Value of Building is not Mentioned in Fixed Assets’ Schedule: ITAT [Read Order]")
S10AA Deduction Benefit cannot be Denied Merely on Non-Receipt of Convertible Foreign Exchange on Deemed Exports: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has recently, in an appeal filed before it, held that section S10AA deduction benefit cannot be denied merely on non-receipt of convertible...
![S10AA Deduction Benefit cannot be Denied Merely on Non-Receipt of Convertible Foreign Exchange on Deemed Exports: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Deduction-Deduction-Benefit-Denied-Merely-Non-Receipt-of-Convertible-Foreign-Exchange-Convertible-Foreign-Exchange-Convertible-Foreign-Exchange-on-Deemed-Exports-Deemed-Exports-taxscan.jpg "S10AA Deduction Benefit cannot be Denied Merely on Non-Receipt of Convertible Foreign Exchange on Deemed Exports: ITAT [Read Order]")
![Secondary and Higher Secondary Education Cess are Part of Tax; No Deduction Available: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Secondary-and-Higher-Secondary-Education-Cess-Education-Cess-Higher-Secondary-Education-Cess-Education-Cess-are-Part-of-tax-No-Deduction-Available-ITAT-taxscan.jpg "Secondary and Higher Secondary Education Cess are Part of Tax; No Deduction Available: ITAT [Read Order]")
Interest Income Derived from Business Advances, Fixed Deposits shall be eligible for Profit and Gains Deduction u/s 80IB of the Act: ITAT grants Relief to Adani PortsÂ
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has recently held that interest income derived from business advances and fixed deposits is eligible for profit and gains ...
Company Eligible for Deduction of Foreign Travel Expenses of Employee and Relative of Director: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Kolkata bench has allowed the assessee-Company deduction under section 37 of the Income Tax Act, 1961 in respect of foreign travel expenses of an employee,...
![Company Eligible for Deduction of Foreign Travel Expenses of Employee and Relative of Director: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Company-Deduction-Foreign-Travel-Expenses-Employee-Relative-of-Director-Employee-and-Relative-of-Director-ITAT-Income-Tax-taxscan.jpg "Company Eligible for Deduction of Foreign Travel Expenses of Employee and Relative of Director: ITAT [Read Order]")
Co-Operative Bank Eligible for 80P Deduction in respect of Income from Interest on Staff Welfare Fund and Staff Loans: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) has held that a co-operative bank is eligible for deduction under section 80P(2)(a)(i) of the Income Tax Act, 1961 interest from staff...
![Co-Operative Bank Eligible for 80P Deduction in respect of Income from Interest on Staff Welfare Fund and Staff Loans: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Co-Operative-Bank-Deduction-Income-Interest-Staff-Welfare-Fund-Staff-Loans-ITAT-Income-Tax-Taxscan.jpg "Co-Operative Bank Eligible for 80P Deduction in respect of Income from Interest on Staff Welfare Fund and Staff Loans: ITAT [Read Order]")