![Amount paid for Land enhancement is Capital Expenditure, can avail Deduction u/s 48: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/land-enhancement-capital-expenditure-ITAT-taxscan.jpeg "Amount paid for Land enhancement is Capital Expenditure, can avail Deduction u/s 48: ITAT [Read Order]")
Amount paid for Land enhancement is Capital Expenditure, can avail Deduction u/s 48: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT)of the Mumbai bench held that the amount paid for land enhancement is capital expenditure and can avail...
![Disallowance u/s 40(a)(ia) not required on Short Deduction Of TDS: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Disallowance-Deduction-TDS-Delhi-HC-taxscan.jpeg "Disallowance u/s 40(a)(ia) not required on Short Deduction Of TDS: Delhi HC [Read Order]")
![Rural Advances consolidated and shown in Head Office Accounts are eligible for Deduction as Bad and Doubtful Debts u/s 36(1)(viia): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Rural-Advances-Head-office-accounts-Deduction-Bad-and-Doubtful-Debts-ITAT-taxscan.jpg "Rural Advances consolidated and shown in Head Office Accounts are eligible for Deduction as Bad and Doubtful Debts u/s 36(1)(viia): ITAT [Read Order]")
![Debatable issues cannot be Adjusted on mere Intimation u/s 143: ITAT allows Deduction u/s 80JJAA [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Debatable-issues-ITAT-Deduction-taxscan.jpg "Debatable issues cannot be Adjusted on mere Intimation u/s 143: ITAT allows Deduction u/s 80JJAA [Read Order]")
![Bombay HC upholds ITAT Order to Allow Pro-Rata Deduction to Eligible Undertaking Developing and Building Approved Housing Projects u/S 80IB(10) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Bombay-HC-Pro-Rata-Deduction-Housing-Projects-taxscan.jpeg "Bombay HC upholds ITAT Order to Allow Pro-Rata Deduction to Eligible Undertaking Developing and Building Approved Housing Projects u/S 80IB(10) [Read Order]")
Business of Infrastructure Development comes under the definition of Developer, Deduction u/s 80IA (4) is claimable: ITAT [Read Order]
While considering a bunch of appeals filed by the assessee, the Ahmedabad bench of Income Tax Appellant Tribunal, comprising Ms Annapurna Gupta, Accountant Member and Shri Mahavir Prasad, Judicial...
![Business of Infrastructure Development comes under the definition of Developer, Deduction u/s 80IA (4) is claimable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Business-infrastructure-development-developer-deduction-ITAT-taxscan.jpg "Business of Infrastructure Development comes under the definition of Developer, Deduction u/s 80IA (4) is claimable: ITAT [Read Order]")
Examination of Nature of Work and Income necessary for granting Deduction for Housing projects u/s801B (10): ITAT [Read Order]
Income Tax Appellate Tribunal (ITAT), Pune held that examination of nature of work and income necessary for granting deduction for housing projects u/s801B (10). The assessee, Ravindra Champalal...
![Examination of Nature of Work and Income necessary for granting Deduction for Housing projects u/s801B (10): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/income-deduction-housing-projects-ITAT-taxscan.jpeg "Examination of Nature of Work and Income necessary for granting Deduction for Housing projects u/s801B (10): ITAT [Read Order]")
Deduction u/s 80IB (10) should not be denied merely because of non-acceptance of Occupancy Certificate: ITAT [Read Order]
Income Tax Appellate Tribunal (ITAT), Mumbai bench consisting of Aby T Varkey, Judicial Member and S Rifaur Rahman, Accountant Member held that deduction u/s 80IB (10) should not be denied merely...
![Deduction u/s 80IB (10) should not be denied merely because of non-acceptance of Occupancy Certificate: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Deduction-occupancy-certificate-ITAT-taxscan.jpg "Deduction u/s 80IB (10) should not be denied merely because of non-acceptance of Occupancy Certificate: ITAT [Read Order]")
Interest from Fixed Deposit is an Unearned Passive Income derived out of Non-Manufacturing Activity and not Eligible for Deduction U/S 80IC: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench presided by Mr. Aakash Deep Jain, Vice President, and Dr. B. R. R. Kumar, Accountant Member has held that interest from the fixed deposit is an...
![Interest from Fixed Deposit is an Unearned Passive Income derived out of Non-Manufacturing Activity and not Eligible for Deduction U/S 80IC: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Interest-Fixed-Deposit-Passive-Income-Non-Manufacturing-Activity-Deduction-ITAT-taxscan.jpg "Interest from Fixed Deposit is an Unearned Passive Income derived out of Non-Manufacturing Activity and not Eligible for Deduction U/S 80IC: ITAT [Read Order]")
Income Received under FPS introduced under Foreign Trade Policy 2004 are Capital Receipts, attracts Deduction u/s 80IC: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench has held that income received under Focus Products Scheme (FPS) introduced under Foreign Trade Policy 2004 are capital receipts and attracts...
![Income Received under FPS introduced under Foreign Trade Policy 2004 are Capital Receipts, attracts Deduction u/s 80IC: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Income-FPS-Foreign-Trade-Policy-Capital-Receipts-Deduction-ITAT-taxscan.jpg "Income Received under FPS introduced under Foreign Trade Policy 2004 are Capital Receipts, attracts Deduction u/s 80IC: ITAT [Read Order]")
Deduction of Compensation paid for Breach of Contract cannot be allowed based on Bank Statement alone: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench has held that deduction of compensation paid for breach of contract cannot be allowed based on bank statement alone. The assessee, M/s.Home...
![Deduction of Compensation paid for Breach of Contract cannot be allowed based on Bank Statement alone: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Deduction-Compensation-Bank-Statement-ITAT-taxscan.jpeg "Deduction of Compensation paid for Breach of Contract cannot be allowed based on Bank Statement alone: ITAT [Read Order]")
Setback to Wipro: Deduction to EOU u/s 10B can be denied on for Delay in filing Declaration, rules Supreme Court [Read Order]
A two-judge bench of the Supreme Court, while considering an appeal by Wipro Ltd., has held that the deduction to Export-oriented Units (EOU) under section 10(8) of the Income Tax Act, 1961 can be...
![Setback to Wipro: Deduction to EOU u/s 10B can be denied on for Delay in filing Declaration, rules Supreme Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Wipro-Deduction-EOU-sole-ground-Declaration-Supreme-Court-taxscan.jpg "Setback to Wipro: Deduction to EOU u/s 10B can be denied on for Delay in filing Declaration, rules Supreme Court [Read Order]")