![Contribution to Fishermens Welfare Fund though held as Unconstitutional, eligible for IT Deduction: Kerala HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/08/Contribution-Taxscan.jpg "Contribution to Fishermens Welfare Fund though held as Unconstitutional, eligible for IT Deduction: Kerala HC [Read Judgment]")
Contribution to Fishermen's Welfare Fund though held as Unconstitutional, eligible for IT Deduction: Kerala HC [Read Judgment]
The Kerala High Court has recently held that the contribution made to the Fishermen's Welfare Fund is eligible for income tax deduction though the...
![Benefit of Deduction can’t be given to an Industry If has No Control over Manufacturing Process: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/08/Deduction-Bombay-High-Court-Taxscan.jpg "Benefit of Deduction can’t be given to an Industry If has No Control over Manufacturing Process: Bombay HC [Read Judgment]")
![License Fees paid to Consultant / Doctors abroad under a Business Arrangement is Allowable as Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/07/License-Fees-Taxscan.jpg "License Fees paid to Consultant / Doctors abroad under a Business Arrangement is Allowable as Deduction: ITAT [Read Order]")
![No Deduction allowable If Employer omitted to remit Employees’ contribution to EPF within Statutory Due Date: Kerala HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/07/EPF-Kerala-High-Court-Taxscan.jpg "No Deduction allowable If Employer omitted to remit Employees’ contribution to EPF within Statutory Due Date: Kerala HC [Read Judgment]")
Amount Paid for Higher Education of Directors’ Son not Business Expenditure: Bombay HC denies IT Deduction to Company [Read Judgment]
A division bench of the Bombay High Court recently held that the expenses incurred by a Company towards sending the son of its director to the USAÂ for higher studies cannot be deducted from the...
![Amount Paid for Higher Education of Directors’ Son not Business Expenditure: Bombay HC denies IT Deduction to Company [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/04/CBDT-Bombay-High-Court-Taxscan.jpg "Amount Paid for Higher Education of Directors’ Son not Business Expenditure: Bombay HC denies IT Deduction to Company [Read Judgment]")
Deduction allowable on Expenses towards Improvisation in Process and Technology which are Supplemental to Business: ITAT [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) in the case of M/s. Manipal Health Systems Pvt. Ltd. v. ACIT held that the expenditure incurred for the expansion of the existing...
![Deduction allowable on Expenses towards Improvisation in Process and Technology which are Supplemental to Business: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/deduction.jpg "Deduction allowable on Expenses towards Improvisation in Process and Technology which are Supplemental to Business: ITAT [Read Order]")
![No Deduction to NRI for Travelling Expenses Incurred to manage Property in India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/06/NRI-Deduction-Taxscan.jpg "No Deduction to NRI for Travelling Expenses Incurred to manage Property in India: ITAT [Read Order]")
Deduction allowable on Purchase of Old Gold from Customers against Purchase of New Ornaments: ITAT [Read Order]
The Hyderabad bench of Income Tax Appellate Tribunal ( ITAT ) in Dy. Commissioner of Income Tax, Hyderabad v. Kalanikethan Silks Private Limited ruled that, Deduction allowable on Purchase of Old Gold...
![Deduction allowable on Purchase of Old Gold from Customers against Purchase of New Ornaments: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Other-Income-ITAT-Taxscan.jpg "Deduction allowable on Purchase of Old Gold from Customers against Purchase of New Ornaments: ITAT [Read Order]")
Activity of Preparation of Dossier Amount to Manufacture u/s 10B: ITAT allows Deduction [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) in the case of Strides Shasun Ltd. v. The ACIT held that the activity of preparation of dossier amounts to manufacture under Section 10B...
![Activity of Preparation of Dossier Amount to Manufacture u/s 10B: ITAT allows Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/Deduction-Taxscan.jpg "Activity of Preparation of Dossier Amount to Manufacture u/s 10B: ITAT allows Deduction [Read Order]")
Payment in relation with Security Transactions by a Sub-Broker not liable to TDS u/s 194H: ITAT [Read Order]
The Kolkata bench of Income Tax Appellate Tribunal ( ITAT ) has held that, Payment in relation with Security Transactions by a Sub-Broker not liable to Tax Deduction at Source ( TDS ) under Section...
![Payment in relation with Security Transactions by a Sub-Broker not liable to TDS u/s 194H: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/06/Security-Transactions-TDS-Taxscan.jpg "Payment in relation with Security Transactions by a Sub-Broker not liable to TDS u/s 194H: ITAT [Read Order]")
Sec 80P Deduction available to Bank for Investments with Sub-Treasuries during its Business / Providing Credit Facilities to its Members: ITAT [Read Order]
The Cochin Bench of Income Tax Appellate Tribunal ( ITAT ) in the case of Income Tax Officer v. M/s. Perinthalmanna Service Co-operative Bank Ltd. holding in favor of the assessee adjudged that the...
![Sec 80P Deduction available to Bank for Investments with Sub-Treasuries during its Business / Providing Credit Facilities to its Members: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/Income-Tax-Deduction-Taxscan-1.jpg "Sec 80P Deduction available to Bank for Investments with Sub-Treasuries during its Business / Providing Credit Facilities to its Members: ITAT [Read Order]")