![EOU can claim Deduction of Interest Earned on Fixed Deposits u/s 10A: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/Income-Tax-Deduction-Taxscan-1.jpg "EOU can claim Deduction of Interest Earned on Fixed Deposits u/s 10A: ITAT [Read Order]")
EOU can claim Deduction of Interest Earned on Fixed Deposits u/s 10A: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune bench has held that an Export Oriented Unit ( EOU ) is eligible to claim the deduction under Section...
![Company Eligible to Claim Deduction of Educational Expenses of Director: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/09/Educational-Institutions-Taxscan.jpg "Company Eligible to Claim Deduction of Educational Expenses of Director: ITAT [Read Order]")
![Penalty not leviable If Assessee’s Claim for Deduction gets Rejected: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/10/Penalty-Madras-High-Court-Taxscan.jpg "Penalty not leviable If Assessee’s Claim for Deduction gets Rejected: Madras HC [Read Judgment]")
![Deduction available on Loss on Account of Compensation on Enforcement of Security Paid to Subsidiary Companies: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/Deduction-Taxscan.jpg "Deduction available on Loss on Account of Compensation on Enforcement of Security Paid to Subsidiary Companies: ITAT [Read Order]")
Date of Obtaining absolute Legal Ownership of the Asset not relevant for granting Deduction under Sec 54: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) in the case of Ramesh A. Radhakrishnan v. ACIT held that the date of obtaining absolute legal ownership of the asset is not relevant for...
![Date of Obtaining absolute Legal Ownership of the Asset not relevant for granting Deduction under Sec 54: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/06/Section-54-Deduction-Taxscan.jpg "Date of Obtaining absolute Legal Ownership of the Asset not relevant for granting Deduction under Sec 54: ITAT [Read Order]")
Re-Assessment can’t be done merely because some Aspects of Deduction Claim was not Examined in Original Assessment: Gujarat HC [Read Judgment]
The Gujarat High Court has recently held that Re-Assessment under section 147/ 148 of the Income Tax Act, 1961 cannot be re-opened merely on the ground that some aspects of the claim for deduction...
![Re-Assessment can’t be done merely because some Aspects of Deduction Claim was not Examined in Original Assessment: Gujarat HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/02/Re-Assessment.jpg "Re-Assessment can’t be done merely because some Aspects of Deduction Claim was not Examined in Original Assessment: Gujarat HC [Read Judgment]")
S. 80IB Deduction available even if Form 10CCB Audit Report is filed before Completion of Assessment: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Kolkata bench has held that the benefit of Section 80IB of the Income Tax Act is available to the assessee even if the audit report in Form 10CCB is not filed...
![S. 80IB Deduction available even if Form 10CCB Audit Report is filed before Completion of Assessment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Audit-Report-Taxscan.jpg "S. 80IB Deduction available even if Form 10CCB Audit Report is filed before Completion of Assessment: ITAT [Read Order]")
Approval by a Commissioner of STPI should be construed as approval of Board for allowing S. 10B Relief: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ), recently accepted the contention of the assessee that the approval granted by a Commissioner of concerned STPI should be construed as...
![Approval by a Commissioner of STPI should be construed as approval of Board for allowing S. 10B Relief: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/ITAT-Taxscan.jpg "Approval by a Commissioner of STPI should be construed as approval of Board for allowing S. 10B Relief: ITAT [Read Order]")
Expenditure on Interest-bearing Loans acquired for making Investment in Agricultural Land not allowable as Deduction: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Cochin bench has held that the deduction cannot be allowed in respect of interest-bearing funds utilized by the assessee-company for acquiring agricultural...
![Expenditure on Interest-bearing Loans acquired for making Investment in Agricultural Land not allowable as Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/04/Agricultural-Land.jpg "Expenditure on Interest-bearing Loans acquired for making Investment in Agricultural Land not allowable as Deduction: ITAT [Read Order]")
100% Deduction not available u/s 80-IC If Substantial Expansion in Manufacturing was carried out after 5 Years: SC [Read Judgment]
A two-judge bench of the Supreme Court comprising Justice A.K. Sikri and Justice Ashok Bhushan has held that 100% Deduction under Section 80-IC of the Income Tax Act, 1961 is not available if the...
![100% Deduction not available u/s 80-IC If Substantial Expansion in Manufacturing was carried out after 5 Years: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/09/Deduction-Supreme-Court-of-India-Taxscan.jpg "100% Deduction not available u/s 80-IC If Substantial Expansion in Manufacturing was carried out after 5 Years: SC [Read Judgment]")