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![Prepaid Finance Charges Deductible in Year of Payment, Amortization Not Necessary: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Prepaid-Finance-Prepaid-Finance-Charges-Amortization-Amortization-Not-Necessary-itat-about-amortization-Finance-Finance-Charges-tax-news-taxscan.jpg "Prepaid Finance Charges Deductible in Year of Payment, Amortization Not Necessary: ITAT [Read Order]")
Prepaid Finance Charges Deductible in Year of Payment, Amortization Not Necessary: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) in a recent case ruled that prepaid finance charges made for business purposes are deductible in the year of...
![Assessee entitled to claim Finance Charges after completion of Project goes contrary to findings of Income Tax Authorities: Karnataka High Court remands matter to ITAT [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/11/finance-charges-completion-of-Project-Income-Tax-Authorities-Karnataka-High-Court-ITAT-Taxscan.jpg "Assessee entitled to claim Finance Charges after completion of Project goes contrary to findings of Income Tax Authorities: Karnataka High Court remands matter to ITAT [Read Judgment]")
![Income Tax: ITAT deletes Disallowance on Finance Charges [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/ITAT-disallowance-finance-charges-Taxscan.jpg "Income Tax: ITAT deletes Disallowance on Finance Charges [Read Order]")
![Expenses Incurred for Earning Dividend Income including Finance Charges are allowable as Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Dividend-Income-Taxscan.jpg "Expenses Incurred for Earning Dividend Income including Finance Charges are allowable as Deduction: ITAT [Read Order]")
![Finance Charges from Hire Purchase of Vehicles are subject to Interest Tax Act: Kerala HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/05/Interest-Taxscan.jpg "Finance Charges from Hire Purchase of Vehicles are subject to Interest Tax Act: Kerala HC [Read Judgment]")