![Eligible Deductions cannot be Disallowed Merely on Ground of Technicalities: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Deductions-Technicalities-ITAT-Income-Tax-Tax-Taxscan.jpg "Eligible Deductions cannot be Disallowed Merely on Ground of Technicalities: ITAT [Read Order]")
Eligible Deductions cannot be Disallowed Merely on Ground of Technicalities: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently in an appeal filed before it, held that eligible deductions cannot be disallowed,...
![More than one Property under Capital Gain could get Deduction u/s 54 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/More-than-one-Property-Capital-Gain-Deduction-us-54-Income-Tax-Act-ITAT.jpg "More than one Property under Capital Gain could get Deduction u/s 54 of Income Tax Act: ITAT [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]](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]")
![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 can't be treated as Bogus If Some Customers Denied: ITAT allows Deduction to Developers [Read Order]
“It is the decision of the business-men how much discount is to be allowed to a particular person and it is the prerogative of the assessee to run the business as per the business strategy adopted...
![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]")