No Disallowance of Interest Expenditure if Interest-Free Funds are more than Value of Investments and Loan Funds haven’t used to make Investments: ITAT
The Income Tax Appellate Tribunal (ITAT) Bangalore bench while remitting the matter back to the Assessing Officer (AO) said that if the interest-free...
![No section 14A disallowance if there is no exempt income: ITAT grants relief to Tata Sky [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/ITAT-disallowance-Tata-Sky-Taxscan.jpg "No section 14A disallowance if there is no exempt income: ITAT grants relief to Tata Sky [Read Order]")
![Relief to Star India: ITAT directs AO to delete the Disallowance made on Account of Depreciation on Payment of Brand License Fees [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/07/ITAT-AO-disallowance-Star-India-brand-license-fees-Depreciation-Taxscan.jpeg "Relief to Star India: ITAT directs AO to delete the Disallowance made on Account of Depreciation on Payment of Brand License Fees [Read Order]")
Delhi HC affirms Assessee not entitled to Claim Deduction until Liability for which Deduction is Claimed has Accrued [Read Judgment]
The Delhi High Court in the case of Housing and Urban Development Corporation Ltd. vs. Additional Commissioner of Income Tax held that the assessee is not entitled to claim the deduction until the...
![Delhi HC affirms Assessee not entitled to Claim Deduction until Liability for which Deduction is Claimed has Accrued [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/02/Assessee-Claim-deduction-Taxscan.jpg "Delhi HC affirms Assessee not entitled to Claim Deduction until Liability for which Deduction is Claimed has Accrued [Read Judgment]")
ITAT allows Disallowance of Sum for Non-Submission of Documents and Non-Deduction of TDS on Reimbursements [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) Delhi, in an appeal by the assessee against the order of the Commissioner of Income-tax (Appeals), held that disallowance of a sum for non-submission of...
![ITAT allows Disallowance of Sum for Non-Submission of Documents and Non-Deduction of TDS on Reimbursements [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/12/Reimbursements-ITAT-Taxscan.jpg "ITAT allows Disallowance of Sum for Non-Submission of Documents and Non-Deduction of TDS on Reimbursements [Read Order]")
No Disallowance of Expenditure for Non-Deduction of Tax on Services and Payments Made Outside of India: ITAT [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal ( ITAT ) has ruled that, No Disallowance of Expenditure for Non-Deduction of Tax on Services and Payments Made Outside of India. The ITAT has...
![No Disallowance of Expenditure for Non-Deduction of Tax on Services and Payments Made Outside of India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Expenditure-Taxscan.jpg "No Disallowance of Expenditure for Non-Deduction of Tax on Services and Payments Made Outside of India: ITAT [Read Order]")
Disallowance of Rental Expenses merely as per the Leave and License Agreement can’t be Sustained: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) in Mumbai has ruled that, Disallowance Of Rental Expenses Merely As Per the Leave and License Agreement Cannot Be Sustained. The appeal has been filed by the...
![Disallowance of Rental Expenses merely as per the Leave and License Agreement can’t be Sustained: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/12/Rental-Expenses-ITAT-Taxscan.jpg "Disallowance of Rental Expenses merely as per the Leave and License Agreement can’t be Sustained: ITAT [Read Order]")
Mere Existence of Mixed Fund do not Automatically attract Disallowance u/s 14A: Gujarat High Court [Read Judgment]
A two-judge bench of the Gujarat High Court has held that the mere existence of mixed fund would not automatically attract disallowance under section 14A of the Income Tax Act, 1961. During the...
![Mere Existence of Mixed Fund do not Automatically attract Disallowance u/s 14A: Gujarat High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2019/01/GST-Gujarat-High-Court-Taxscan.jpg "Mere Existence of Mixed Fund do not Automatically attract Disallowance u/s 14A: Gujarat High Court [Read Judgment]")