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Scholarship to Student Not Associated with Company for Any Commercial or Business Purpose Not Allowable as Deduction: ITAT [Read Order]

Fathima Karama A.M

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that the scholarship to student not associated with the company for any commercial...

Rental Income is Inseparably connected with Business of Cargo Handling Services: ITAT Allows Income...

Relief to Karnataka Vikas Grameena Bank: ITAT allows Deduction on Income from Co-operative Society...

Furnishing Audit Report along with Income Tax Return: ITAT allows Deduction u/s 11(1)(a) [Read...

Certificate from Port Authority is mandatory to avail Deduction u/s 80IA(4) Income Tax: Bombay HC...

No Disallowance u/s 40(a)(ia) in absence of TDS Deduction on Purchase of Trade items: ITAT [Read Order]

The Lucknow bench of the Income Tax Appellate Tribunal ( ITAT ) has held that disallowance under section 40(a)(ia) of the Income Tax Act, 1961 is not allowable in the absence of TDS deduction...

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...

Income Tax Deduction to Manufacturing Unit cannot be Disallowed Even If Part of Activities are done Outside Unit: ITAT [Read Order]

The Income Tax Appellate Tribunal ( ITAT ), Mumbai bench has held that the income tax deduction under section 80IB of the Income Tax Act, 1961 cannot be disallowed even if the part of manufacturing...

Secret Commission paid to Middlemen in Cheque Discounting Business Eligible for 50% Deduction: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that the secret commission paid to the middlemen in cheque discounting business shall be eligible for income tax deduction under the...

Failure to pay within due date under PF Act will be Negating Employer's claim for Deduction permanently forever u/s.36(1)(va): ITAT [Read Order]

The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) has held that failure to pay within due date under Provident Fund (PF) Act will be negating the employer's claim for deduction...

Expenses to Musical Programme and Garba Event are Personal in Nature, No Income Tax deduction: ITAT [Read Order]

The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) held that income tax deduction is not allowable, as the expenses to musical programmes and Garbaevents are personal in nature. Dr...

Marketing and Survey Expenses are allowable as Deduction u/s 37(1) of Income Tax Act: ITAT [Read Order]

The Jaipur Bench of the Income Tax Appellate Tribunal ( ITAT ), held that Marketing and Survey expenses are allowable as deduction under Section 37(1) of the Income Tax Act, 1961. The AO under...

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