![Failure in Submission of Form-10CCB: ITAT confirms Income Tax Deduction u/s 80IB [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Form-10CCB-ITAT-deduction-us-80IB-taxscan.jpeg "Failure in Submission of Form-10CCB: ITAT confirms Income Tax Deduction u/s 80IB [Read Order]")
Failure in Submission of Form-10CCB: ITAT confirms Income Tax Deduction u/s 80IB [Read Order]
The Visakhapatnam bench of Income Tax Appellate Tribunal (ITAT), confirms the deduction u/s 80IB of the Act,1961 when the assessee failed in the...
![Interest on Income Tax not allowable as Deduction u/s 40(a)(ii): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Interest-Income-Tax-Deduction-ITAT-taxscan.jpeg "Interest on Income Tax not allowable as Deduction u/s 40(a)(ii): ITAT [Read Order]")
![Deduction u/s 54F is allowable on Purchase of Property Outside India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Deduction-Purchase-of-Property-ITAT-taxscan.jpg "Deduction u/s 54F is allowable on Purchase of Property Outside India: ITAT [Read Order]")
![Payment made for Usage of Software is Revenue Expenditure: ITAT allows Income Tax Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Payment-software-revenue-expenditure-deduction-ITAT-taxscan.jpeg "Payment made for Usage of Software is Revenue Expenditure: ITAT allows Income Tax Deduction [Read Order]")
![Deduction u/s 54 allowable on Multiple Residential Houses built in same physical location and contiguous place: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Deduction-multiple-residential-houses-ITAT.jpg "Deduction u/s 54 allowable on Multiple Residential Houses built in same physical location and contiguous place: ITAT [Read Order]")
Rate of Deduction of Donation to Corona Relief Fund is Already in Public Domain: CIC Dismisses RTI [Read Order]
The Central Information Commission (CIC) have dismissed an RTI appeal, pointing out that the rate of deduction of donation in corona relief fund being already in public domain ,outstretching...
![Container Freight Station can claim deduction u/s 80 1A (4): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Container-Freight-Station-deduction-ITAT-taxscan.jpg "Container Freight Station can claim deduction u/s 80 1A (4): ITAT [Read Order]")
Relief to Deloitte: ITAT allows Deduction for Payment made to Retired Partner amount to diversion of Income at Source by Overriding Title [Read Order]
In a significant ruling, the Delhi bench of the Income Tax Appellate Tribunal (ITAT) granted relief by allowing the deduction from income claimed for the payment made to a retired partner as it...
![Relief to Deloitte: ITAT allows Deduction for Payment made to Retired Partner amount to diversion of Income at Source by Overriding Title [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Deloitte-ITAT-deduction-Payment-income-overriding-title-taxscan.jpeg "Relief to Deloitte: ITAT allows Deduction for Payment made to Retired Partner amount to diversion of Income at Source by Overriding Title [Read Order]")
Deduction u/s 80IA (iv) Computed with respect to each Unit Independently, without Clubbing Loss of another Unit: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Surat Bench presided by Dr. Arjun Lal Saini, Accountant Member has held that deduction under section 80IA (iv) computed with respect to each unit...
![Deduction u/s 80IA (iv) Computed with respect to each Unit Independently, without Clubbing Loss of another Unit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Deduction-Unit-ITAT-taxscan.jpg "Deduction u/s 80IA (iv) Computed with respect to each Unit Independently, without Clubbing Loss of another Unit: ITAT [Read Order]")
![Cess forms part of Tax, cannot be allowed as Deduction u/s 40(a)(ii): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Cess-forms-tax-deduction-ITAT-Taxscan.jpeg "Cess forms part of Tax, cannot be allowed as Deduction u/s 40(a)(ii): ITAT [Read Order]")
![Payment of interest on late deposit of TDS not allowable as deduction u/s 37(1): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Payment-interest-late-deposit-TDS-deduction-ITAT-taxscan.jpeg "Payment of interest on late deposit of TDS not allowable as deduction u/s 37(1): ITAT [Read Order]")
Forex Transaction to Hedge Foreign Currency Risk is not Speculative, Deduction allowable: ITAT [Read Order]
The Chandigarh bench of the Income Tax Appellate Tribunal (ITAT) has ruled that, the Forex transaction to hedge foreign currency risk is not speculative and the deduction was made allowable. The...
![Forex Transaction to Hedge Foreign Currency Risk is not Speculative, Deduction allowable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Forex-transaction-foreign-currency-deduction-ITAT-taxscan.jpeg "Forex Transaction to Hedge Foreign Currency Risk is not Speculative, Deduction allowable: ITAT [Read Order]")