![Deduction Allowable towards Allocation of R&D Expenses for Eligible Units u/s 80IB and 80IC of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Deduction-Research-and-Development-expenses-Research-Development-Income-Tax-Act-Income-Tax-Tax-Taxscan.jpg "Deduction Allowable towards Allocation of R&D Expenses for Eligible Units u/s 80IB and 80IC of Income Tax Act: ITAT [Read Order]")
Deduction Allowable towards Allocation of R&D Expenses for Eligible Units u/s 80IB and 80IC of Income Tax Act: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) has held that the deduction should be allowed towards allocation of Research and...
![Capital Gain Deduction u/s 54F cannot be Denied If Assessee Entered into Agreement to Sale within One Year of Sale of Original Asset: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Capital-Gain-Deduction-Capital-Gain-Agreement-Sale-Original-Asset-ITAT-Income-Tax-Taxscan.jpg "Capital Gain Deduction u/s 54F cannot be Denied If Assessee Entered into Agreement to Sale within One Year of Sale of Original Asset: ITAT [Read Order]")
![Provision for Capital Gain Exemption u/s 54F are Beneficial Provision, Substantial Compliance would Entitle Assessee to Claim Full Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Capital-Gain-Exemption-Beneficial-Provision-Substantial-Compliance-Assessee-Full-Deduction-Deduction-ITAT-Taxscan.jpg "Provision for Capital Gain Exemption u/s 54F are Beneficial Provision, Substantial Compliance would Entitle Assessee to Claim Full Deduction: ITAT [Read Order]")
![Assesee not eligible for Deduction u/s 80IC,If Plant not situate notified area: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Deduction-notified-area-Plant-ITAT-Income-Tax-Tax-Taxscan.jpg "Assesee not eligible for Deduction u/s 80IC,If Plant not situate notified area: ITAT [Read Order]")
![Interest paid to Legal Heirs of Deceased Partners cannot be Disallowed If TDS already Deducted: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Interest-Interest-paid-Legal-Heirs-Deceased-Partners-TDS-ITAT-Taxscan.jpg "Interest paid to Legal Heirs of Deceased Partners cannot be Disallowed If TDS already Deducted: ITAT [Read Order]")
![No Income Tax on Amount received under Agnipath Scheme, 2022: Union Budget 2023 [Read Finance Bill]](https://www.taxscan.in/wp-content/uploads/2023/02/Income-Tax-Amount-received-Agnipath-Scheme-2022-Union-Budget-2023-taxscan-budget-2023-budget-2023-live-union-budget-2023-nirmala-sitharaman-budget-taxscan.jpg "No Income Tax on Amount received under Agnipath Scheme, 2022: Union Budget 2023 [Read Finance Bill]")
Deduction for Expenditure on Payment only when Payment is actually made; Union Budget 2023 [Read Finance Bill]
Under the newly proposed union Budget 2023 the Union Ministry has proposed an amendment which allow the claim of deduction for expenditure on payment only after the actual payment is made. This...
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 employees of assessee shall be allowed as deduction. ...
![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]")
![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]
The Delhi Bench Income Tax Appellate Tribunal ( ITAT ) has held that the house loan paid by a company allotted to the directors for residential purpose would be eligible for the Income Tax Deduction....
![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]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) in a recent ruling while allowing deduction to pharma company has held that the free samples to doctors recognised under Uniform...
![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]")