![Deduction u/s 37(1) cannot be Allowed in respect of Income Tax withheld Abroad: ITAT Ahmedabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Chandigarh-Taxscan.jpg "Deduction u/s 37(1) cannot be Allowed in respect of Income Tax withheld Abroad: ITAT Ahmedabad [Read Order]")
Deduction u/s 37(1) cannot be Allowed in respect of Income Tax withheld Abroad: ITAT Ahmedabad [Read Order]
In DCIT v. Elitecore Technologies Private Limited, the Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) held that Deduction under section...
![Companies cannot Claim Deduction on ‘Premium’ Collected on its Subscribed Share Capital: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan.jpg "Companies cannot Claim Deduction on ‘Premium’ Collected on its Subscribed Share Capital: SC [Read Judgment]")
![Open Yard is ‘Infrastructure Facility’ u/s 80IA(4), Eligible for Deduction: ITAT Hyderabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/03/Open-Yard-Deduction-Taxscan.jpg "Open Yard is ‘Infrastructure Facility’ u/s 80IA(4), Eligible for Deduction: ITAT Hyderabad [Read Order]")
![Internet Charges can be Deducted from the Turnover u/s 10A of Income Tax Act: ITAT Hyderabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/02/Internet-Charges-Taxscan.jpg "Internet Charges can be Deducted from the Turnover u/s 10A of Income Tax Act: ITAT Hyderabad [Read Order]")
Interest / Service Charges paid on Funds raised to Subscribe Debentures are Allowable Expenditure: Delhi HC [Read Judgment]
In CIT v. M/S Virat Investment & Mercantile Co, the Delhi High Court ruled that the assessee was entitled to deduction under section 37 of the Income Tax Act in respect of interest/service charges...
![Interest / Service Charges paid on Funds raised to Subscribe Debentures are Allowable Expenditure: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Non-Convertible-debuntures-Tax-Scan.jpg "Interest / Service Charges paid on Funds raised to Subscribe Debentures are Allowable Expenditure: Delhi HC [Read Judgment]")
Deduction on Capital Gains u/s 54F can be Extended to Wife having Independent Income: ITAT Hyderabad [Read Order]
In ACIT v. Sri B. Surendra Choudary, the division bench of the ITAT, Hyderabad bench held thatthe new property registered in the name of assessee’s wife is eligible to get deduction under section 54F...
![Deduction on Capital Gains u/s 54F can be Extended to Wife having Independent Income: ITAT Hyderabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/deduction-Section-54F-Taxscan.jpg "Deduction on Capital Gains u/s 54F can be Extended to Wife having Independent Income: ITAT Hyderabad [Read Order]")
Travel Expenses can be allowed u/s 37(1) even on the basis of Self-made Vouchers: ITAT Kolkata [Read Order]
In a recent decision, the Kolkata bench of the ITAT, while allowing business travel expenses to the assessee under section 37(1) of the Income Tax Act, held that the same can be allowed even on the...
![Travel Expenses can be allowed u/s 37(1) even on the basis of Self-made Vouchers: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/01/Travelling-Expense-Taxscan.jpg "Travel Expenses can be allowed u/s 37(1) even on the basis of Self-made Vouchers: ITAT Kolkata [Read Order]")
Contribution to Provident Fund under the ESI Act paid after Due Date is allowable as Deduction: Rajasthan HC [Read Judgment]
In the case M/S Central Office Mewar Palace Organization Pvt. Ltd., City Palace, Udaipur V. The Joint Commissioner of Income-Tax, Udaipur, the division bench of the Rajasthan High Court held that the...
![Contribution to Provident Fund under the ESI Act paid after Due Date is allowable as Deduction: Rajasthan HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/01/RajasthanHighCourt-Taxscan.jpg "Contribution to Provident Fund under the ESI Act paid after Due Date is allowable as Deduction: Rajasthan HC [Read Judgment]")
![Interest on Secured Loans are Deductible under the Income Tax Act: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/01/Interest-on-Secured-Loans-Taxscan.jpg "Interest on Secured Loans are Deductible under the Income Tax Act: ITAT Kolkata [Read Order]")
Commissions paid by Pharmaceutical Companies to Agents are Eligible for Deduction: ITAT Ahmedabad [Read Order]
In M/s. Stallion Laboratories Pvt. Ltd. v. ITO Ahmedabad, the ITAT Ahmedabad bench held that the commission paid to agents by a pharmaceutical company is eligible for deduction under the Income Tax...
![Commissions paid by Pharmaceutical Companies to Agents are Eligible for Deduction: ITAT Ahmedabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Kolkata-TaxScan.jpg "Commissions paid by Pharmaceutical Companies to Agents are Eligible for Deduction: ITAT Ahmedabad [Read Order]")
Deduction u/s 54 is allowable even when a New Residential House is Purchased within 1 year before Transfer of Capital Asset: ITAT Ahmedabad [Read Order]
Recently, the ITAT Ahedabad bench, in the case of Bhailabhai N Patel v. DCIT Baroda, held that the assessee is entitled to get deduction under section 54 of the Income Tax Act even if a new...
![Deduction u/s 54 is allowable even when a New Residential House is Purchased within 1 year before Transfer of Capital Asset: ITAT Ahmedabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/01/Deduction-Taxscan-2.jpg "Deduction u/s 54 is allowable even when a New Residential House is Purchased within 1 year before Transfer of Capital Asset: ITAT Ahmedabad [Read Order]")