Deduction in respect of New Employee u/s 80JJAA Extended to Footwear and Leather Industries
In the Union Budget presented today in Parliament, the Union Minister for Finance and Corporate Affairs, Arun Jaitley has proposed to extend Deduction...
![No Deduction to Evacuation of Land for Installation of Wind Turbine Generators: Kerala HC rejects Muthoot Finance Ltd’s Plea [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/01/Muthoot-Finance-Taxscan.jpg "No Deduction to Evacuation of Land for Installation of Wind Turbine Generators: Kerala HC rejects Muthoot Finance Ltd’s Plea [Read Judgment]")
![ITAT Rejects claim for Deduction since chances of recovery of Refundable Security Deposit are not lost completely as matter is Sub-judice [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Kolkata-TaxScan.jpg "ITAT Rejects claim for Deduction since chances of recovery of Refundable Security Deposit are not lost completely as matter is Sub-judice [Read Order]")
![Payment made for Acquiring Mining Rights is Capital Expenditure, No Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Capital-Expenditure-Taxscan.jpg "Payment made for Acquiring Mining Rights is Capital Expenditure, No Deduction: ITAT [Read Order]")
Booking of an Under-Construction Flat is a Case of Construction and not Purchase: ITAT Grants Capital Gain Exemption [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has held that booking of an under-construction flat is a case of construction and not a purchase. The bench comprising of Judicial Member...
![Booking of an Under-Construction Flat is a Case of Construction and not Purchase: ITAT Grants Capital Gain Exemption [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/Under-Construction-Flats-Taxscan.jpg "Booking of an Under-Construction Flat is a Case of Construction and not Purchase: ITAT Grants Capital Gain Exemption [Read Order]")
Deduction u/s 80IC for units Set Up in specified areas in State of Himachal Pradesh cannot be Claimed for more than 5 years: ITAT [Read Order]
The Income Tax Appellate Tribunal, Chandigarh in its recent order ruled that deduction under Section 80IC of the Income Tax Act, 1961 for units set up in specified areas in the State of Himachal...
![Deduction u/s 80IC for units Set Up in specified areas in State of Himachal Pradesh cannot be Claimed for more than 5 years: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/Income-Tax-Deduction-Taxscan-1.jpg "Deduction u/s 80IC for units Set Up in specified areas in State of Himachal Pradesh cannot be Claimed for more than 5 years: ITAT [Read Order]")
Assessee Registered under the STPI as a 100% EOU is entitled for Deduction u/s 10B: ITAT [Read Order]
While dismissing revenue’s appeal, the Hyderabad bench of Income Tax Appellate Tribunal (ITAT) has declared that assessee is entitled for deduction under Section 10B of the Income Tax Act 1961 even...
![Assessee Registered under the STPI as a 100% EOU is entitled for Deduction u/s 10B: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/Deduction-Section-10B-Taxscan.jpg "Assessee Registered under the STPI as a 100% EOU is entitled for Deduction u/s 10B: ITAT [Read Order]")
ITAT Allows 80P Deduction to ‘Interest Income’ earned by SBI Officers Co-op. Credit Society Ltd on deposits placed with SBI [Read Order]
A division bench of the Hyderabad ITAT, while granting relief to M/s SBI Officers Coop. Credit Society Ltd, held that the society is eligible for deduction under Section 80P of the Income Tax Act,...
![ITAT Allows 80P Deduction to ‘Interest Income’ earned by SBI Officers Co-op. Credit Society Ltd on deposits placed with SBI [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/11/SBI.jpg "ITAT Allows 80P Deduction to ‘Interest Income’ earned by SBI Officers Co-op. Credit Society Ltd on deposits placed with SBI [Read Order]")
Assessee is Entitled to Claim Deductions of Expenses incurred in relation to Interest Income u/s 57(iii): ITAT [Read Order]
Kolkata bench of Income Tax Appellate Tribunal (ITAT) recently held that an assessee is eligible to claim deductions of expenses incurred in relation to interest income under Section 57(iii) of the...
Private Open Terrace can’t be included in Built Up Area for the Purpose of Deduction if the Same was not approved by Local Authority: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Chennai, on Wednesday, brought in further clarity to one of its previous orders regarding the inclusiveness of private open terrace in build-up area of a flat,...
![Private Open Terrace can’t be included in Built Up Area for the Purpose of Deduction if the Same was not approved by Local Authority: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/Open-Terrace-Taxscan.jpg "Private Open Terrace can’t be included in Built Up Area for the Purpose of Deduction if the Same was not approved by Local Authority: ITAT [Read Order]")
Amusement Tax paid before the Due Date of Filing of Income Tax Return is Eligible for Deduction: ITAT [Read Order]
The Kolkata bench of Income Tax Appellate Tribunal recently ruled that Amusement Tax paid before the due date of filing of Income Tax Return is eligible for deduction under the Income tax Act, 1961. ...
![Amusement Tax paid before the Due Date of Filing of Income Tax Return is Eligible for Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/08/GST-Returns-Taxscan.jpg "Amusement Tax paid before the Due Date of Filing of Income Tax Return is Eligible for Deduction: ITAT [Read Order]")