![Wife added as Co-Owner of Property due to Vastu Reasons: ITAT asks AO to re-consider Deduction Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/deduction-Section-54F-Taxscan.jpg "Wife added as Co-Owner of Property due to Vastu Reasons: ITAT asks AO to re-consider Deduction Claim [Read Order]")
Wife added as Co-Owner of Property due to Vastu Reasons: ITAT asks AO to re-consider Deduction Claim [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore bench has asked the Assessing Officer to re-consider a claim for deduction under Section 54F of...
![Amendment to 80A (5) does not bar the Assessee from Revising the Computation for Deduction made under the provision: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/02/Delhi-High-Court-Taxscan.jpg "Amendment to 80A (5) does not bar the Assessee from Revising the Computation for Deduction made under the provision: Delhi HC [Read Judgment]")
![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]")
![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]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the deduction is allowable on the loss on account of compensation on enforcement of security paid by the Company to its...
![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]")
Sec 80P Deduction not available to a Co-operative Society having an Area of Operation in more than One Taluk: ITAT [Read Order]
The Cochin bench of the Income Tax Appellate Tribunal ( ITAT ) has held that deduction under Section 80P of the Income Tax Act not available to a Co-operative society having an area of operation in...
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]")