![No Disallowance of Interest Expenditure not claimed during Deposit of Tax in Return: ITAT directs re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Disallowance-Interest-Expenditure-Deposit-Tax-in-Return-ITAT-re-adjudication-No-Disallowance-of-Interest-Expenditure-taxscan.jpg "No Disallowance of Interest Expenditure not claimed during Deposit of Tax in Return: ITAT directs re-adjudication [Read Order]")
No Disallowance of Interest Expenditure not claimed during Deposit of Tax in Return: ITAT directs re-adjudication [Read Order]
The Delhi bench of Income Tax Appellate Tribunal (ITAT) while directing readjudication observed that no interest expenditure should be disallowed...
![Disallowance u/s 40(a)(I) of the Income Tax Act is not Applicable as per DTAA between India and Japan: Delhi HC rules in Favour of Mitsubishi Corp India [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Disallowance-Income-Tax-Act-DTAA-Delhi-HC-Mitsubishi-Corp-India-taxscan.jpg "Disallowance u/s 40(a)(I) of the Income Tax Act is not Applicable as per DTAA between India and Japan: Delhi HC rules in Favour of Mitsubishi Corp India [Read Order]")
![Assessee Entitled to claim TDS Deduction in year on which Corresponding Income offered to Tax on non claiming of Double Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Assessee-TDS-Deduction-Corresponding-Income-Tax-non-claiming-Double-Deduction-ITAT-taxscan.png "Assessee Entitled to claim TDS Deduction in year on which Corresponding Income offered to Tax on non claiming of Double Deduction: ITAT [Read Order]")
![No justification for disallowance on Ad Hoc basis, without pointing out any deficiency in books in nature of business: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/No-justification-disallowance-Ad-Hoc-without-pointing-deficiency-books-nature-of-business-ITAT-taxscan.jpg "No justification for disallowance on Ad Hoc basis, without pointing out any deficiency in books in nature of business: ITAT [Read Order]")
![Unbilled Revenue cannot considered as Income once written off: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Unbilled-Revenue-Income-once-written-off-ITAT-taxscan.jpg "Unbilled Revenue cannot considered as Income once written off: ITAT deletes Addition [Read Order]")
Foreign Exchange Loss cannot be Included in Cost of Project: ITAT directs to allow a Deduction [Read Order]
In a recent case, the Income Tax Appellate Tribunal (ITAT) observed that foreign exchange loss cannot be included in the cost of the project and allowed it as a Deduction. M/s Macrotech Developers...
![Foreign Exchange Loss cannot be Included in Cost of Project: ITAT directs to allow a Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Foreign-Exchange-Loss-Cost-of-Project-ITAT-Deduction-TAXSCAN.jpg "Foreign Exchange Loss cannot be Included in Cost of Project: ITAT directs to allow a Deduction [Read Order]")
Investment in Gold and Foreign Companies Should be Excluded: ITAT upholds Order of CIT(A) [Read Order]
In a recent case, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that investment in gold and foreign companies should be excluded but while computing the disallowance under section...
![Investment in Gold and Foreign Companies Should be Excluded: ITAT upholds Order of CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Investment-Gold-Investment-in-Gold-Foreign-Companies-ITAT-CITA-taxscan.jpg "Investment in Gold and Foreign Companies Should be Excluded: ITAT upholds Order of CIT(A) [Read Order]")
Payment of Management Fees to ATS can be added to Income of Assessee: Delhi HC upholds Deletion of Disallowance [Read Order]
The Delhi High Court upheld the deletion of disallowance and noted that the payment of management fees to ATS Infrastructure can be added to the income of the assessee, Anand Divine Developers...
![Payment of Management Fees to ATS can be added to Income of Assessee: Delhi HC upholds Deletion of Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Payment-Management-Fees-ATS-Income-of-Assessee-Delhi-HC-Deletion-of-Disallowance-TAXSCAN.jpg "Payment of Management Fees to ATS can be added to Income of Assessee: Delhi HC upholds Deletion of Disallowance [Read Order]")
Expansion of Telecommunication Service with Internet Service does Not change Infrastructure: Delhi HC upholds Deletion of Disallowance of Deduction u/s 80IA of Income Tax Act [Read Order]
The Delhi High Court has held that the expansion of Telecommunication service with internet service does not change infrastructure and upheld the deletion of disallowance of deduction under section...
![Expansion of Telecommunication Service with Internet Service does Not change Infrastructure: Delhi HC upholds Deletion of Disallowance of Deduction u/s 80IA of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Expansion-of-Telecommunication-Service-Telecommunication-Service-Internet-Service-taxscan.jpg "Expansion of Telecommunication Service with Internet Service does Not change Infrastructure: Delhi HC upholds Deletion of Disallowance of Deduction u/s 80IA of Income Tax Act [Read Order]")
ITAT directs to produce CA certificate in prescribed Form 26Â to re-adjudicate disallowance made u/s.40(a)(ia) of Income Tax Act [Read Order]
The Income Tax Appellate Tribunal (ITAT), Raipur bench, directed the assessee, Sandeep Surendran Nair, a mechanical contractor in the cement industry, to produce a Chartered Accountant certificate in...
![ITAT directs to produce CA certificate in prescribed Form 26Â to re-adjudicate disallowance made u/s.40(a)(ia) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/ITAT-directs-to-produce-CA-certificate-in-prescribed-Form-26-re-adjudicate-disallowance-Income-Tax-Act-TAXSCAN.jpg "ITAT directs to produce CA certificate in prescribed Form 26Â to re-adjudicate disallowance made u/s.40(a)(ia) of Income Tax Act [Read Order]")
Income Tax Authorities cannot determine how much expenditure should have been incurred for the purpose of business: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench held that, income tax authorities cannot determine how much expenditure should have been incurred for the purpose of business. The appellant,...
![Income Tax Authorities cannot determine how much expenditure should have been incurred for the purpose of business: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/ITAT-INCOME-TAX-expenditure-Authoritie-TAXSCAN.jpg "Income Tax Authorities cannot determine how much expenditure should have been incurred for the purpose of business: ITAT [Read Order]")