Cash Payments made to Agents to procure lands from Land Owners will be Covered by Exclusion Provided under Rule 6DD(k) of IT Rules r.w.s 40A(3) of Act Income Tax Act: ITAT upholds Deletion of Disallowance
The Income Tax Appellate Tribunal (ITAT) Chennai bench held that the cash payments made to agents to procure land from the land owners would be...
![Expenses for Business Maintenance Not Allowable u/s 24 of Income Tax Act: ITAT declares Disallowance made u/s 37 Arbitrary [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Expenses-for-Business-Maintenance-Not-Allowable-Income-Tax-Act-ITAT-declares-Disallowance-Arbitrary-TAXSCAN.jpg "Expenses for Business Maintenance Not Allowable u/s 24 of Income Tax Act: ITAT declares Disallowance made u/s 37 Arbitrary [Read Order]")
![Delayed remittance of employees’ contribution due to mis-utilization of funds: ITAT upholds disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Delayed-remittance-of-employees-contribution-delayed-remittance-employees-contribution-mis-utilization-of-funds-ITAT-upholds-disallowance-ITAT-taxscan.jpg "Delayed remittance of employees’ contribution due to mis-utilization of funds: ITAT upholds disallowance [Read Order]")
![Disallowance of Interest on Delayed TDS Deposit and Service Tax without Bifurcation: ITAT directs Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Disallowance-of-Interest-Disallowance-Delayed-TDS-Deposit-TDS-Deposit-Service-Tax-without-Bifurcation-Service-Tax-Bifurcation-taxscan-ITAT-directs-Re-Adjudication-ITAT-Re-Adjudication-taxscan.jpg "Disallowance of Interest on Delayed TDS Deposit and Service Tax without Bifurcation: ITAT directs Re-Adjudication [Read Order]")
![Deduction Allowable on Warranty expenses of motor vehicles ascertained based on actual expenses incurred on settlement of warranty schemes in earlier years: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Deduction-Warranty-expenses-motor-vehicles-ascertained-actual-expenses-settlement-warranty-schemes-ITAT-TAXSCAN.jpg "Deduction Allowable on Warranty expenses of motor vehicles ascertained based on actual expenses incurred on settlement of warranty schemes in earlier years: ITAT [Read Order]")
No Separate Agreement between Eshakthi and its Non-Resident US Subsidiary for Reimbursement of Expenses: ITAT Upholds Deletion of Disallowance u/s 40(a)(i) of Income Tax Act [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has upheld the disallowance under Section 40(a)(i) of the Income Tax Act 1961, as there was no separate agreement between the Eshakthi and...
![No Separate Agreement between Eshakthi and its Non-Resident US Subsidiary for Reimbursement of Expenses: ITAT Upholds Deletion of Disallowance u/s 40(a)(i) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Separate-Agreement-ITAT-No-Separate-Agreement-between-Eshakthi-and-its-Non-Resident-US-disallowance-taxscan.jpg "No Separate Agreement between Eshakthi and its Non-Resident US Subsidiary for Reimbursement of Expenses: ITAT Upholds Deletion of Disallowance u/s 40(a)(i) of Income Tax Act [Read Order]")
Indexed Cost of Improvement Incurred Wholly and Exclusively for Transfer of Asset Allowable as Deduction u/s 48 of Income Tax Act: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has held that the indexed cost of improvement incurred wholly and exclusively for transfer of assets would be allowable as deduction under...
![Indexed Cost of Improvement Incurred Wholly and Exclusively for Transfer of Asset Allowable as Deduction u/s 48 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Indexed-Improvement-Wholly-Exclusively-Transfer-Asset-Deduction-Income-Tax-Act-ITAT.jpg "Indexed Cost of Improvement Incurred Wholly and Exclusively for Transfer of Asset Allowable as Deduction u/s 48 of Income Tax Act: ITAT [Read Order]")
Provision of Gratuity after deduction of Actual Gratuity charged to Profit in P/L Account doesn't attract disallowance u/s 37: ITAT directs AO for fresh Consideration [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) held that the provision of gratuity after deduction of the actual gratuity charged to the profit in the profit/ loss account doesn’t...
![Provision of Gratuity after deduction of Actual Gratuity charged to Profit in P/L Account doesnt attract disallowance u/s 37: ITAT directs AO for fresh Consideration [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Provision-of-Gratuity-deduction-of-Actual-Gratuity-charged-to-Profit-in-P-L-Account-disallowance-ITAT-directs-AO-for-fresh-Consideration-TAXSCAN.jpg "Provision of Gratuity after deduction of Actual Gratuity charged to Profit in P/L Account doesnt attract disallowance u/s 37: ITAT directs AO for fresh Consideration [Read Order]")
TDS not applicable to professional and consultancy services neither "availed" nor "rendered" and even not "utilised" in India: ITAT upholds deletion of disallowance u/s 40(a)(ia) of Income Tax Act
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has upheld the deletion of disallowance under Section 40(a)(ia) of Income Tax Act 1961 holding that Tax Deducted at Source (TDS) would not...
Disallowance u/s 14A of Income Tax Act shall not be made, if Assessee not earned any exempt Income during Financial-year: ITAT quashes Revision order [Read Order]
The Income Tax Appellate Tribunal (ITAT) Ahmedabad bench held that disallowance under Section 14A of the Income Tax Act, 1961 should not be made ,if assessee not earned any exempt income...
![Disallowance u/s 14A of Income Tax Act shall not be made, if Assessee not earned any exempt Income during Financial-year: ITAT quashes Revision order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Disallowance-income-tax-act-revision-order-ITAT-taxscan.jpg "Disallowance u/s 14A of Income Tax Act shall not be made, if Assessee not earned any exempt Income during Financial-year: ITAT quashes Revision order [Read Order]")
No Disallowance u/s 14A of Income Tax Act shall be made in Absence of any Exempt Income: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) held that no disallowances under Section 14A of the Income Tax Act, 1961 shall be made in the absence of any exempt income. The...
![No Disallowance u/s 14A of Income Tax Act shall be made in Absence of any Exempt Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Disallowance-Income-Tax-Act-Absence-Exempt-Income-ITAT-TAXSCA.jpeg "No Disallowance u/s 14A of Income Tax Act shall be made in Absence of any Exempt Income: ITAT [Read Order]")
ITAT upholds VAT Remission Disallowance as assessee Fails to raise issue of allowabiility of Subsidies under Chapter VI A [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) held that although prima facie, the issue goes in favour of the assessee in view of the various judgements rendered by the Supreme...
![ITAT upholds VAT Remission Disallowance as assessee Fails to raise issue of allowabiility of Subsidies under Chapter VI A [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/ITAT-VAT-Remission-Disallowance-assessee-allowabiility-Subsidies-TAXSCAN.jpg "ITAT upholds VAT Remission Disallowance as assessee Fails to raise issue of allowabiility of Subsidies under Chapter VI A [Read Order]")