Begin typing your search above and press return to search.
Foreign Exchange Loss is allowable as Deduction u/s 37 of the Income Tax Act: Bombay HC [Read Order]
The High Court of Bombay in a recent decision held that the foreign exchange loss is not a “notional” or “speculation” loss and is allowable as a...
![Deduction allowable on expenses for ‘Software Upgradation’: ITAT Delhi [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Software-Upgrade-Taxscan.jpg "Deduction allowable on expenses for ‘Software Upgradation’: ITAT Delhi [Read Order]")
![“An unrecovered debt from a Subsidiary Company is allowable as Deduction”: ITAT Amritsar [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/unrecovered-debt-deduction-Taxscan.jpg "“An unrecovered debt from a Subsidiary Company is allowable as Deduction”: ITAT Amritsar [Read Order]")
Deduction u/s 54F cannot be denied on Ground that the Assessee Failed to get the Possession of the Property within the prescribed Time Limit: ITAT Mumbai [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal in recently ruled that the deduction under section 54F of the Income Tax Act, 1961 cannot be denied to the assessee for the reason that he failed...
Income from “Operation & Maintenance” is eligible for deduction u/s 80-IAB of Income Tax Act: ITAT Ahmedabad [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal, in a recent ruling held that Section 80IAB covers income from “operation and maintenance”. The Tribunal observed that though the provision...
