![Service Charges part of Rental Income, Includable while Allowing Standard Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Service-Charges-Rental-Income-Standard-Deduction-Deduction-ITAT-Income-Tax-Tax-Taxscan.jpg "Service Charges part of Rental Income, Includable while Allowing Standard Deduction: ITAT [Read Order]")
Service Charges part of Rental Income, Includable while Allowing Standard Deduction: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that the service charges are part of rental income and are includable while...
![Landlord Not Liable for Deduction of TDS under Wrong Provision by Tenant: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Landlord-Deduction-TDS-Wrong-Provision-Wrong-Provision-by-Tenant-Tenant-Income-Tax-Income-Tax-Act-taxscan.jpg "Landlord Not Liable for Deduction of TDS under Wrong Provision by Tenant: ITAT [Read Order]")
![Benefit of S. 10AA Allowable If Consideration in respect of Exports was Received in India or brought into India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Exports-ITAT-Income-Tax-taxscan-.jpg "Benefit of S. 10AA Allowable If Consideration in respect of Exports was Received in India or brought into India: ITAT [Read Order]")
![Entire Expenses connected with Setting Up of Business are “Capital” in Nature, Not Allowable as Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Expenses-Setting-Up-of-Business-Deduction-ITAT-taxscan.jpg "Entire Expenses connected with Setting Up of Business are “Capital” in Nature, Not Allowable as Deduction: ITAT [Read Order]")
![Order cannot be treated as “Erroneous” If PCIT thinks that “the Order should have been Written More Elaborately”: ITAT Quashes Revision [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Order-Erroneous-PCIT-ITAT-Revision-Income-Tax-Taxscan.jpg "Order cannot be treated as “Erroneous” If PCIT thinks that “the Order should have been Written More Elaborately”: ITAT Quashes Revision [Read Order]")
Expenditure incurred by Flipkart towards ESOP eligible for Deduction u/s 37 of Income Tax Act: ITAT [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal ( ITAT ) observed that the Expenditure incurred by Flipkart towards Employee Stock Ownership Plan ( ESOP ) eligible for deduction under...
![Expenditure incurred by Flipkart towards ESOP eligible for Deduction u/s 37 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Flipkart-ESOP-Deduction-Income-Tax-Act-Income-Tax-Tax-ITAT-Expenditure-incurred-taxscan.jpg "Expenditure incurred by Flipkart towards ESOP eligible for Deduction u/s 37 of Income Tax Act: ITAT [Read Order]")
Deduction u/s 80P can be finalised only after analysing form of Society: Kerala HC sets aside Assessment Order [Read Order]
In a recent judgement, the Kerala High Court (HC) sets aside an assessment order and held that deduction under section 80P of the Income Tax Act, 1961 can be finalised only after analysing the form...
![Deduction u/s 80P can be finalised only after analysing form of Society: Kerala HC sets aside Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Deduction-Kerala-High-Court-Assessment-Order-Assessment-Taxscan.jpg "Deduction u/s 80P can be finalised only after analysing form of Society: Kerala HC sets aside Assessment Order [Read Order]")
![Deduction on “Second stage Handling Charges”: Calcutta HC Directs to Accept C Forms [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Deduction-Handling-Charges-Calcutta-High-Court-C-Forms-Taxscan.jpg "Deduction on “Second stage Handling Charges”: Calcutta HC Directs to Accept C Forms [Read Order]")
Delay in Completion of Housing Projects without Statutory Approval: ITAT Denies Income Tax Deduction u/s 80IB(10) to Builder [Read Order]
The Pune bench of Income Tax Appellate Tribunal ( ITAT ) denied income tax deduction under section 80IB (10) of Income Tax Act 1961 to a builder because of delay in completion of housing projects...
![Delay in Completion of Housing Projects without Statutory Approval: ITAT Denies Income Tax Deduction u/s 80IB(10) to Builder [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Housing-Projects-Statutory-Approval-ITAT-Income-Tax-Deduction-Income-Tax-Deduction-Builder-Taxscan.jpg "Delay in Completion of Housing Projects without Statutory Approval: ITAT Denies Income Tax Deduction u/s 80IB(10) to Builder [Read Order]")
CPC not Authorized to Carry Out Adjustment for Disallowance of Deduction u/s 80P Income Tax Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that Centralized Processing Centre (CPC) not authorized to carry out adjustment for disallowance of deduction under Section 80P of the...
![CPC not Authorized to Carry Out Adjustment for Disallowance of Deduction u/s 80P Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/CPC-Disallowance-of-Deduction-Deduction-Income-Tax-Act-ITAT-Income-Tax-taxscan.jpg "CPC not Authorized to Carry Out Adjustment for Disallowance of Deduction u/s 80P Income Tax Act: ITAT [Read Order]")
Deduction of Discount on ESOP over vesting period must be accordance with Books of Account: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has held that deduction of discount on an Employee Stock Option Plan ( ESOP ) over the vesting period is by the accounting in the books...
![Deduction of Discount on ESOP over vesting period must be accordance with Books of Account: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Deduction-Discount-Deduction-of-Discount-ESOP-Books-of-Account-ITAT-Income-Tax-Taxscan.jpg "Deduction of Discount on ESOP over vesting period must be accordance with Books of Account: ITAT [Read Order]")
Lease Rent paid for Acquiring Mining Rights is “Capital” in Nature, Not Allowable as Deduction: ITAT [Read Order]
The Pune Income Tax Appellate Tribunal (ITAT) has recently held that lease rent paid for acquiring mining rights is capital in nature and no deduction would be allowable. Assessee ZF Steering Gear...
![Lease Rent paid for Acquiring Mining Rights is “Capital” in Nature, Not Allowable as Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/lease-rent-2-4.jpg "Lease Rent paid for Acquiring Mining Rights is “Capital” in Nature, Not Allowable as Deduction: ITAT [Read Order]")