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![Foreign Exchange Gain on Acquisition of Fixed Assets is allowable as Deduction as per Section 43A: ITAT grants relief to Vi [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Foreign-Exchange-Gain-Fixed-Assets-Deduction-ITAT-Vi-ITAT-grants-relief-to-Vi-Income-Tax-Taxscan.jpg "Foreign Exchange Gain on Acquisition of Fixed Assets is allowable as Deduction as per Section 43A: ITAT grants relief to Vi [Read Order]")
Foreign Exchange Gain on Acquisition of Fixed Assets is allowable as Deduction as per Section 43A: ITAT grants relief to Vi [Read Order]
As a relief to Vodafone Idea ltd, the Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that Foreign Exchange Gain on the...
![GST: Jammu & Kashmir Govt Issues Guidelines for Deductions and Deposits of TDS by the DDOs [Read Circular]](https://www.taxscan.in/wp-content/uploads/2022/09/GST-Jammu-Kashmir-Govt-Deductions-Deposits-TDS-DDOs-taxscan-1.jpeg "GST: Jammu & Kashmir Govt Issues Guidelines for Deductions and Deposits of TDS by the DDOs [Read Circular]")
![Discount cant be treated as Bogus If Some Customers Denied: ITAT allows Deduction to Developers [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/12/diss.jpg "Discount cant be treated as Bogus If Some Customers Denied: ITAT allows Deduction to Developers [Read Order]")
A Larger Bench Should Decide if Supporting Manufacturers are entitled to Deductions at par with Direct Exporters: SC [Read Judgment]
The Supreme Court has referred Commissioner of Income Tax vs. M/s Carpet India to a larger bench for reconsideration. The issue before the apex court was whether the supporting manufacturer who...
![A Larger Bench Should Decide if Supporting Manufacturers are entitled to Deductions at par with Direct Exporters: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/04/Deductions-Supreme-Court-of-India-Taxscan.jpg "A Larger Bench Should Decide if Supporting Manufacturers are entitled to Deductions at par with Direct Exporters: SC [Read Judgment]")
All Expenses incurred during ‘Setting Up’ and ‘Commencement’ of Business are Permissible Deductions: Bombay HC [Read Order]
In CIT v. Axis Pvt Equity Ltd, the division bench of the Bombay High Court held that all expenses incurred during the interregnum between setting up of business and commencement of business would be...
![All Expenses incurred during ‘Setting Up’ and ‘Commencement’ of Business are Permissible Deductions: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/06/Bombay-High-Court-2-Tax-Scan.jpg "All Expenses incurred during ‘Setting Up’ and ‘Commencement’ of Business are Permissible Deductions: Bombay HC [Read Order]")