![Expenses Incurred as Payment to Parent Company that Issued Shares to Employees of Assessee Allowable as Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Expenses-Payment-Parent-Company-Shares-Shares-to-Employees-Assessee-Deduction-ITAT-Income-Tax-taxscan-.jpg "Expenses Incurred as Payment to Parent Company that Issued Shares to Employees of Assessee Allowable as Deduction: ITAT [Read Order]")
Expenses Incurred as Payment to Parent Company that Issued Shares to Employees of Assessee Allowable as Deduction: ITAT [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has held that the expenses incurred as payment to parent company that issued shares to...
![Factoring Charges Allowable as Deduction under Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Factoring-Charges-Deduction-Income-Tax-Act-ITAT-Inome-Tax-Taxscan.jpg "Factoring Charges Allowable as Deduction under Income Tax Act: ITAT [Read Order]")
![No Addition u/s 69A on ground of Denial of S. 80G Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Deduction-Income-Tax-ITAT-taxscan.jpg "No Addition u/s 69A on ground of Denial of S. 80G Deduction: ITAT [Read Order]")
![House Loan paid by Company Allotted to Directors for Residential Purpose Eligible for Income Tax Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/House-Loan-Loan-Income-Tax-Deduction-Income-Tax-Deduction-Tax-ITAT-Taxscan.jpg "House Loan paid by Company Allotted to Directors for Residential Purpose Eligible for Income Tax Deduction: ITAT [Read Order]")
![Free Samples to Doctors recognized under UCPMP Guidelines, Not Violative of MCI Rules: ITAT Allows Deduction to Pharma Company [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Samples-to-Doctors-UCPMP-Guidelines-MCI-Rules-ITAT-Deduction-Pharma-Company-taxscan.jpg "Free Samples to Doctors recognized under UCPMP Guidelines, Not Violative of MCI Rules: ITAT Allows Deduction to Pharma Company [Read Order]")
Scholarship to Student Not Associated with Company for Any Commercial or Business Purpose Not Allowable as Deduction: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that the scholarship to student not associated with the company for any commercial or business purpose would not be allowed as...
![Scholarship to Student Not Associated with Company for Any Commercial or Business Purpose Not Allowable as Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Scholarship-to-Student-Scholarship-Company-Deduction-ITAT-Income-Tax-Taxscan.jpg "Scholarship to Student Not Associated with Company for Any Commercial or Business Purpose Not Allowable as Deduction: ITAT [Read Order]")
Rental Income is Inseparably connected with Business of Cargo Handling Services: ITAT Allows Income Tax Deduction u/s. 80IA [Read Order]
In a significant ruling, the Income Tax Appellate Tribunal ( ITAT ), Bangalore bench has held that the rental income which is inseparably connected with the business of cargo handling services shall...
![Rental Income is Inseparably connected with Business of Cargo Handling Services: ITAT Allows Income Tax Deduction u/s. 80IA [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Rental-Income-Income-Business-of-Cargo-Handling-Services-Cargo-Handling-Services-ITAT-Income-Tax-Deduction-Income-Tax-Deduction-Tax-taxscan.jpg "Rental Income is Inseparably connected with Business of Cargo Handling Services: ITAT Allows Income Tax Deduction u/s. 80IA [Read Order]")
Relief to Karnataka Vikas Grameena Bank: ITAT allows Deduction on Income from Co-operative Society [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT), granted relief to Karnataka Vikas Grameena Bank and allowed deduction on income from cooperative society. The assessee is Karnataka...
![Relief to Karnataka Vikas Grameena Bank: ITAT allows Deduction on Income from Co-operative Society [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Karnataka-Vikas-Grameena-Bank-ITAT-Deduction-Income-from-Co-operative-Society-taxscan.jpg "Relief to Karnataka Vikas Grameena Bank: ITAT allows Deduction on Income from Co-operative Society [Read Order]")
![Furnishing Audit Report along with Income Tax Return: ITAT allows Deduction u/s 11(1)(a) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Audit-Report-Income-Tax-Return-ITAT-Deduction-taxscan.jpg "Furnishing Audit Report along with Income Tax Return: ITAT allows Deduction u/s 11(1)(a) [Read Order]")
Certificate from Port Authority is mandatory to avail Deduction u/s 80IA(4) Income Tax: Bombay HC [Read Order]
The Bombay High Court (HC) held that certificate from Port Authority is mandatory to avail of deduction under section 80IA(4) of the Income Tax Act,1961. Mr Suresh Kumar, Advocate appeared for the...
![Certificate from Port Authority is mandatory to avail Deduction u/s 80IA(4) Income Tax: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Certificate-Port-Authority-mandatory-avail-Deduction-us-80IA4-Income-Tax-Bombay-HC-Taxscan.jpg "Certificate from Port Authority is mandatory to avail Deduction u/s 80IA(4) Income Tax: Bombay HC [Read Order]")
![No Disallowance u/s 40(a)(ia) in absence of TDS Deduction on Purchase of Trade items: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/TDS-Deduction-TDS-Deduction-Trade-ITAT-taxscan.png "No Disallowance u/s 40(a)(ia) in absence of TDS Deduction on Purchase of Trade items: ITAT [Read Order]")
Direct nexus between Manufacturing activity and Forex Gain from Export: Gujarat HC allows deduction u/s 80IC of IT Act [Read Order]
Gujarat High Court chaired by Justice Sonia Gokhani and Justice Sandeep N Bhatt allowed deduction under section 80IC of Income Tax Act, 1961 as there is direct nexus between manufacturing activity...
![Direct nexus between Manufacturing activity and Forex Gain from Export: Gujarat HC allows deduction u/s 80IC of IT Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Direct-nexus-Manufacturing-activity-Forex-Gain-Export-Gujarat-High-Court-deduction-Income-Tax-Act-Income-Tax-Tax-taxscan.jpg "Direct nexus between Manufacturing activity and Forex Gain from Export: Gujarat HC allows deduction u/s 80IC of IT Act [Read Order]")