![Disallowance of Expenditure is not Mistake Apparent on Record, Outside Purview of Section 154 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Disallowance-of-Expenditure-Mistake-Apparent-on-Record-Outside-Purview-Income-Tax-Act-ITAT-TAXSCAN.jpg "Disallowance of Expenditure is not Mistake Apparent on Record, Outside Purview of Section 154 of Income Tax Act: ITAT [Read Order]")
Disallowance of Expenditure is not Mistake Apparent on Record, Outside Purview of Section 154 of Income Tax Act: ITAT [Read Order]
The Jaipur Bench of Income Tax Appellate Tribunal (ITAT), held that the expenditure in relation to increase in authorized share capital is of capital...
![Quantum of Disallowance made by AO Excessive and unreasonably High: ITAT Reduces Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Quantum-Quantum-of-Disallowance-Disallowance-AO-taxscan.jpg "Quantum of Disallowance made by AO Excessive and unreasonably High: ITAT Reduces Disallowance [Read Order]")
![No disallowance on Account of Bonus outstanding paid before due date of filing of Return: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/disallowance-account-bonus-outstanding-due-date-filing-return-ITAT-TAXSCAN.jpg "No disallowance on Account of Bonus outstanding paid before due date of filing of Return: ITAT [Read Order]")
![Relief to Shell India: ITAT Quashes Demand of Rs 105.7crores on Ground of Limitation [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Relief-Shell-India-ITAT-Demand-Ground-Limitation-TAXSCAN.jpeg "Relief to Shell India: ITAT Quashes Demand of Rs 105.7crores on Ground of Limitation [Read Order]")
![Goodwill acquired on Amalgamation is Eligible for Depreciation u/s 32 of Income Tax Act: ITAT deletes Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Goodwill-Goodwill-acquired-on-Amalgamation-Amalgamation-Depreciation-Income-Tax-Act-ITAT-deletes-Disallowance-ITAT-Disallowance-Income-Tax-taxscan.jpg "Goodwill acquired on Amalgamation is Eligible for Depreciation u/s 32 of Income Tax Act: ITAT deletes Disallowance [Read Order]")
ITAT directs Re-adjudication in regarding of Disallowance of Deduction of Discount on issue of Shares under ESOP [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi Bench directs readjudication in regarding the disallowance of the deduction of discount on the issue of shares under Employee Stock Option Plan (ESOP). ...
![ITAT directs Re-adjudication in regarding of Disallowance of Deduction of Discount on issue of Shares under ESOP [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/ITAT-Readjudication-ITAT-directs-Readjudication-Disallowance-of-Deduction-Disallowance-Deduction-issue-of-Shares-ESOP-taxscan.jpg "ITAT directs Re-adjudication in regarding of Disallowance of Deduction of Discount on issue of Shares under ESOP [Read Order]")
No Disallowance on account of Bad and Doubtful Debts claimed u/s 36(1)(viia) of Income Tax Act with respect to Non-Performing Assets: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi Bench held that no disallowance could be made on account of bad and doubtful debts claimed under Section 36(1)(viia) of Income Tax Act, 1961 with...
![No Disallowance on account of Bad and Doubtful Debts claimed u/s 36(1)(viia) of Income Tax Act with respect to Non-Performing Assets: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/No-Disallowance-on-account-Disallowance-account-account-of-Bad-and-Doubtful-Debts-Doubtful-Debts-Bad-debt-Income-Tax-Act-Non-Performing-Assets-Assets-ITAT-Taxscan.jpg "No Disallowance on account of Bad and Doubtful Debts claimed u/s 36(1)(viia) of Income Tax Act with respect to Non-Performing Assets: ITAT [Read Order]")
![Retaining Disallowance without Following Directions of DRP: ITAT directs Re adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Retaining-Disallowance-Following-Directions-of-DRP-ITAT-directs-Readjudication-TAXSCAN.jpg "Retaining Disallowance without Following Directions of DRP: ITAT directs Re adjudication [Read Order]")
Interest on Compulsorily Convertible Debentures Allowable as Revenue Deduction u/s 36(1)(iii) of the Income Tax Act: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that Compulsorily Convertible Debentures (CCDs) are in the nature of borrowed fund and continue to be in debt till conversion thereof...
![Interest on Compulsorily Convertible Debentures Allowable as Revenue Deduction u/s 36(1)(iii) of the Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Interest-Earned-Surplus-Grants-Should-Not-Be-Taxed-as-Income-ITAT-Interest-Surplus-taxscan.jpg "Interest on Compulsorily Convertible Debentures Allowable as Revenue Deduction u/s 36(1)(iii) of the Income Tax Act: ITAT [Read Order]")
ITAT upholds Disallowance on Account of Failure to prove Long Term Capital Loss arises from Sale of Share Of Company [Read Order]
The Income Tax Appellate Tribunal (ITAT) Ahmedabad Bench upheld the disallowance made by the assessing officer on account of failure to prove long term capital loss arises from the sale of...
![ITAT upholds Disallowance on Account of Failure to prove Long Term Capital Loss arises from Sale of Share Of Company [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/ITAT-disallowance-account-Failure-prove-Long-Term-Capital-Loss-Sale-Share-Company-taxscan.jpg "ITAT upholds Disallowance on Account of Failure to prove Long Term Capital Loss arises from Sale of Share Of Company [Read Order]")
Repairs and Maintenance expenses of Transport Segment were incurred by its own vehicles and not on Hired Vehicles: ITAT deletes 20% Ad-hoc Disallowance [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that repairs and maintenance expenses of the transport segment was incurred by its own vehicles not on hired vehicles. Hence, the bench...
![Repairs and Maintenance expenses of Transport Segment were incurred by its own vehicles and not on Hired Vehicles: ITAT deletes 20% Ad-hoc Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Repairs-Maintenance-expenses-Repairs-and-Maintenance-expenses-Repairs-and-Maintenance-expenses-of-Transport-Segment-Transport-Segment.jpg "Repairs and Maintenance expenses of Transport Segment were incurred by its own vehicles and not on Hired Vehicles: ITAT deletes 20% Ad-hoc Disallowance [Read Order]")
![Investment made from Interest Free Own Funds: ITAT deletes Disallowance of Interest [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Investment-Interest-Free-Funds-ITAT-Disallowance-Interest-taxscan.jpg "Investment made from Interest Free Own Funds: ITAT deletes Disallowance of Interest [Read Order]")