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Capital Gain Exception can't be denied If Non-completion of Construction was not Assessee's Fault: ITAT [Read Order]

The New Delhi bench of due Income Tax Appellate Tribunal (ITAT) in the case of Abodh Borar v ITO held that delay in developer’s delivery of possession...

Interest Income of Co-Operative Society from Co-operative Bank entitled for Deduction under Sec 80P...

ITAT allows Deduction u/s 35(2)(AB) which was disallowed by CIT on the Ground of Non-Application of...

CBDT issues clarification on eligibility of small Start-Ups to avail Tax Holiday

Professional Fee paid for Valuation of Know-How is allowable as Deduction: ITAT [Read Order]

Deduction can’t be denied on ground that Entire Agricultural Land not used for Cultivation: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Pune has held that the provisions of Section 54B of the Income Tax Act cannot be denied for the reason that the entire agricultural land should be used for...

No Deduction in respect of Delayed Payment of EPF: Kerala HC disallows Harrisons Malayalam’s Plea [Read Judgment]

The Kerala High Court has recently dismissed the deduction claim made by Harrisons Malayalam wherein it was held that the deduction under Section 36(1)(va) of Income Tax Act cannot be granted if such...

80IA(4)(i) Deduction can’t be denied on Ground that assessee deducted TDS under Section 194C: ITAT [Read Order]

The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) in the case of Porel Dass Water and Effluent Control Pvt. Ltd, v ITO held that the assessee cannot be a denied S. 80IA(4)(i) deduction on...

Deduction for Leave Travel Concession not available to Bank Employees on Foreign Travels: ITAT [Read Order]

The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) in the case of Shri Rajeshkumar Navnitlal Dani v. ITO vide its order dated April 10, 2019, held that LTC can be claimed only towards...

Professional Fee paid to Trustees who are Doctors allowable as Deduction: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Pune bench has held that the professional fee paid to the Trustees, who are qualified doctors are allowable as Deduction under the Income Tax Act, 1961. The...

ITAT disallows Fake Claim for Deduction as Rent paid to Mother was an afterthought [Read Order]

The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has disallowed a fake claim for deduction because it was proved that the rent paid to mother was nothing, but an afterthought to claim...

Rent from Letting Out Industrial Undertaking not eligible for Deduction: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Cochin has held that the assessee by letting out the industrial undertaking is not having any direct connection with the manufacture or production of an...

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