![Delayed Payment towards ESIC and PF before filing of IT Return can’t be Disallowed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/10/Revisionary-Jurisdiction-ITAT-Taxscan.jpg "Delayed Payment towards ESIC and PF before filing of IT Return can’t be Disallowed: ITAT [Read Order]")
Delayed Payment towards ESIC and PF before filing of IT Return can’t be Disallowed: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Hyderabad bench has held that the contributions towards ESIC and PF beyond the due date cannot be...
![No Disallowance of Expenditure merely on the basis of Surmises and Conjectures of AO: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Expenditure-Taxscan.jpg "No Disallowance of Expenditure merely on the basis of Surmises and Conjectures of AO: ITAT [Read Order]")
![ITAT deletes Disallowance of Partners Remuneration of CA Firm [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/07/CA-Firm-Remuneration-Taxscan.jpg "ITAT deletes Disallowance of Partners Remuneration of CA Firm [Read Order]")
![No Disallowance If AO couldn’t prove that Goods were Saleable without Discount: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/07/Disallowance-Taxscan.jpg "No Disallowance If AO couldn’t prove that Goods were Saleable without Discount: ITAT [Read Order]")
![No Disallowance of Interest paid on Capital borrowed for Business purpose: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/05/Interest-Taxscan.jpg "No Disallowance of Interest paid on Capital borrowed for Business purpose: ITAT [Read Order]")
Employee/ Employer Contribution to PF deposited within Due Date of furnishing Income Tax Return can’t be Disallowed: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal in the case of DCIT, Circle-1(1), versus M/s Lexicon Auto Ltd. raised various grounds of appeal wherein ruled that there is no distinction...
![Employee/ Employer Contribution to PF deposited within Due Date of furnishing Income Tax Return can’t be Disallowed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/ITAT-Delhi-Taxscan.jpg "Employee/ Employer Contribution to PF deposited within Due Date of furnishing Income Tax Return can’t be Disallowed: ITAT [Read Order]")
Penalty can’t be Levied for Disallowance of a Claim which was Debatable and Bonafide: ITAT [Read Order]
While dismissing the appeal filed by the revenue the Chandigarh bench of Income Tax Appellate Tribunal (ITAT) held that if disallowance of claim was debatable and bonafied then no penalty under...
![Penalty can’t be Levied for Disallowance of a Claim which was Debatable and Bonafide: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg "Penalty can’t be Levied for Disallowance of a Claim which was Debatable and Bonafide: ITAT [Read Order]")
No Disallowance u/s 40(a)(ia) when Assessee deducted TDS under Wrong Provision under a bonafide belief: ITAT Mumbai [Read Order]
In M/s. Dish TV India Ltd v. ACIT, a division bench of the Mumbai ITAT ruled that section 40(a)(ia) of the Income Tax Act, 1961 cannot be invoked in cases where Assessee deducted TDS under wrong...
![No Disallowance u/s 40(a)(ia) when Assessee deducted TDS under Wrong Provision under a bonafide belief: ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/TDS-Taxscan.jpg "No Disallowance u/s 40(a)(ia) when Assessee deducted TDS under Wrong Provision under a bonafide belief: ITAT Mumbai [Read Order]")
Cash Payments made in a Village which does not have Banking Facility are not allowable as Expenditure unless Genuineness of Same is proved: Bombay HC [Read Judgment]
Recently in Ellora Paper Mills Ltd v. CIT, the Bombay High Court held that the assessee cannot avail the benefit of Section 40A(3) of the Income Tax Act in respect of Cash payments made in a Village...
![Cash Payments made in a Village which does not have Banking Facility are not allowable as Expenditure unless Genuineness of Same is proved: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/03/Cash-Transaction-Limit.jpg "Cash Payments made in a Village which does not have Banking Facility are not allowable as Expenditure unless Genuineness of Same is proved: Bombay HC [Read Judgment]")
No Disallowance u/s 14A can be made in case of Dividend Income Accrued from Shares kept as Stock in Trade: ITAT Kolkata
In DCIT v. M/s. Kredent Brokerage Services Pvt Ltd, the division bench of the Kolkata ITAT held that disallowance under section 14A of the Income Tax Act cannot be made in case of dividend income...
Disallowance under Sec. 14A is Applicable to Dividend Income even if DDT is Paid on it: SC [Read Judgment]
In a significant ruling in Godrej Boyce manufacturing Co. Ltd, the Supreme Court today held that the provisions of section 14A of the Income Tax Act would be applicable to dividend income even if the...
![Disallowance under Sec. 14A is Applicable to Dividend Income even if DDT is Paid on it: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan.jpg "Disallowance under Sec. 14A is Applicable to Dividend Income even if DDT is Paid on it: SC [Read Judgment]")