![Company can avail IT Deduction In Respect of Income from Generation of Electricity Which Was Captively Consumed: Rajasthan HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Deduction-Taxscan.jpg "Company can avail IT Deduction In Respect of Income from Generation of Electricity Which Was Captively Consumed: Rajasthan HC [Read Judgment]")
Company can avail IT Deduction In Respect of Income from Generation of Electricity Which Was Captively Consumed: Rajasthan HC [Read Judgment]
In CIT, Ajmer v. M/s. RSWM Limited, a division bench of the Rajastan High Court held that the Assessee can avail the Benefit of s. 80-IA of Income Tax...
![Income from Letting of Building along with Furniture & Machineries is Assessable as “Other Income” under the IT Act; Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Rent-out-Business-Taxscan.jpg "Income from Letting of Building along with Furniture & Machineries is Assessable as “Other Income” under the IT Act; Delhi HC [Read Judgment]")
![DTAA provisions in Income Tax Act will override other provisions in Income Tax Act if beneficial to Tax Payer: ITAT Hyderabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/DTAA-Double-Taxation-Avoidance-Agreement-Taxscan.jpg "DTAA provisions in Income Tax Act will override other provisions in Income Tax Act if beneficial to Tax Payer: ITAT Hyderabad [Read Order]")
Interest paid, but not Deducted during the previous year can Set-Off in the next year: Delhi HC [Read Judgment]
In a recent ruling, the Delhi High Court observed that the interest paid but not shown as deductible expenditure for the previous period should be permitted as prior period expenditure under the...
![Interest paid, but not Deducted during the previous year can Set-Off in the next year: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Delhi-High-Court-Tax-Scan.jpg "Interest paid, but not Deducted during the previous year can Set-Off in the next year: Delhi HC [Read Judgment]")
Alternative remedy is not a bar for Writ Petition against Show Cause Notice; Rajasthan HC [Read Order]
The division bench of the High Court of Rajasthan, has recently ruled that a writ petition filed againsta show cause notice issued under the provisions of Income Tax Act, 1961 is maintainable and such...
Expenses towards maintenance of a Public Property is “Revenue Expenditure”, rules Madras HC [Read Judgment]
Government Grants for developing infrastructural facilities are “Capital Receipts”: Madras High Court The division bench of Madras High court recently, in an appeal filed by the Revenue against...
![Expenses towards maintenance of a Public Property is “Revenue Expenditure”, rules Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Thiruvalluvar-statue-Tax-Scan.jpg "Expenses towards maintenance of a Public Property is “Revenue Expenditure”, rules Madras HC [Read Judgment]")
Exemption u/s 10(23C) should not be denied to a Trust, even though it is engaged in activities other than Education; ITAT Ahmedabad [Read Order]
The Income Tax Appellate Tribunal of Ahmedabad bench has recently ruled that the benefit u/s 10(23C) of the Income Tax Act, 1961 should not be denied to a Trust even if the assessee has any other...
Payments received on Application Software & Spare parts are not “Royalty”, not Taxable: ITAT Mumbai [Read Order]
In a recent ruling, the Income Tax Appellate Tribunal, Mumbai has held that the amount received by the assessee on sale of operational/application software and spare parts in the instant case is not...
![Payments received on Application Software & Spare parts are not “Royalty”, not Taxable: ITAT Mumbai [Read Order]](/images/placeholder.jpg "Payments received on Application Software & Spare parts are not “Royalty”, not Taxable: ITAT Mumbai [Read Order]")