![Entire Expenditure on an Abandoned Project Development should be Allowed as Deduction: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Deduction-Taxscan.jpg "Entire Expenditure on an Abandoned Project Development should be Allowed as Deduction: ITAT Kolkata [Read Order]")
Entire Expenditure on an Abandoned Project Development should be Allowed as Deduction: ITAT Kolkata [Read Order]
The ITAT Kolkata, in M/s Royal Calcutta Turf Club v. DCIT, allowed deduction on the entire expenditure on an abandoned project development treating...
![Consideration Received by the Land Owner as per Joint Development Agreement is “Business Income”: Orissa HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/02/Orissa-High-Court.jpg "Consideration Received by the Land Owner as per Joint Development Agreement is “Business Income”: Orissa HC [Read Judgment]")
![Google Gets Interim Relief from Karnataka HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/08/Google-India.jpg "Google Gets Interim Relief from Karnataka HC [Read Order]")
![Dept cannot Tax Partner along with the Firm for Sham Transactions: Gujarat HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Gujarat-High-Court-Tax-Scan.jpg "Dept cannot Tax Partner along with the Firm for Sham Transactions: Gujarat HC [Read Judgment]")
Income from Letting of Building along with Furniture & Machineries is Assessable as “Other Income” under the IT Act; Delhi HC [Read Judgment]
A division bench of the Delhi High Court in Jay Metal Industries Pvt. Ltd v. CIT held that the income received by the assesse from letting of the building along with the furniture and machineries...
![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]")
Income Tax dept. unearthed Undisclosed Income of worth Rs. 45,622 Cr, says MoS Santosh Kumar Gangwar
As part of enforcement measures and based upon credible evidence of tax evasion and other serious violations of provisions of the Income-tax Act, 1961, Income Tax Department (ITD) conducts searches in...
DTAA provisions in Income Tax Act will override other provisions in Income Tax Act if beneficial to Tax Payer: ITAT Hyderabad [Read Order]
Recently, in Nagarjuna Fertilizers and Chemicals Limited v. ACIT, the Hyderabad bench of the Income Tax Appellate Tribunal held that the provisions of the Double Taxation Avoidance Agreement (DTAA),...
![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...
