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![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]")
Deduction u/s 54F is allowable on Purchase of Property Outside India: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore bench has held that deduction under section 54F is allowable on the purchase of property outside...
![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]")
![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]")
![Loss from Equity Shares eligible to deduct as a Business Loss: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/equity-shares-deduct-business-loss-ITAT-taxscan.jpeg "Loss from Equity Shares eligible to deduct as a Business Loss: ITAT [Read Order]")
![Refunds cannot be withheld just to verify the claim for deduction u/s 10AA: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Refunds-claim-deduction-Delhi-HC-taxscan.jpg "Refunds cannot be withheld just to verify the claim for deduction u/s 10AA: Delhi HC [Read Order]")