![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]")
Internet Charges can be Deducted from the Turnover u/s 10A of Income Tax Act: ITAT Hyderabad [Read Order]
In Qvantel Software Solutions, Hyderabad v. ITO, the ITAT Hyderabad held that the internet charges are eligible to be excluded both from the export...
![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]](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]](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]](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]")
Deduction u/s 80HHD need not be reduced while Computing Deduction u/s 80HHC: ITAT Kolkata [Read Order]
In the case of DCIT, Circle-10, Kolkata v. Vesuvious India Ltd, the division bench of the ITAT, Kolkata ruled that Vesuvious India Ltd there is no need to reduce the deduction under section 80HHD of...
![Deduction u/s 80HHD need not be reduced while Computing Deduction u/s 80HHC: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Deduction-Taxscan.jpg "Deduction u/s 80HHD need not be reduced while Computing Deduction u/s 80HHC: ITAT Kolkata [Read Order]")
![Amount Paid under Compromise Decree is Deductible from Business Income: ITAT Pune [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/Amount-Paid-under-Compromise-Decree.jpg "Amount Paid under Compromise Decree is Deductible from Business Income: ITAT Pune [Read Order]")
Showing Bad Debt as ‘Written Off’ in the Accounts is sufficient to Grant Deduction: ITAT Delhi [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal recently ruled that the assessee need not establish that the debt is irrevocable. While quashing the order of assessment, the division bench of the...
![Showing Bad Debt as ‘Written Off’ in the Accounts is sufficient to Grant Deduction: ITAT Delhi [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Chandigarh-Taxscan.jpg "Showing Bad Debt as ‘Written Off’ in the Accounts is sufficient to Grant Deduction: ITAT Delhi [Read Order]")
Foreign Taxes not entitled to Double Tax Relief can be allowed as Deduction u/s 40(a)(ii) of the Income Tax Act: Bombay HC [Read Judgment]
In a significant Judgment, a division bench of the Bombay High Court held that the foreign taxes which are not entitled for double tax relief under sections 90 and 91 of the Income Tax Act can be...
![Foreign Taxes not entitled to Double Tax Relief can be allowed as Deduction u/s 40(a)(ii) of the Income Tax Act: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Bombay-High-Court-2-Tax-Scan.jpg "Foreign Taxes not entitled to Double Tax Relief can be allowed as Deduction u/s 40(a)(ii) of the Income Tax Act: Bombay HC [Read Judgment]")