![Calcutta HC allows Income Tax Deduction u/s 80-IC(2)(a)(i) for the Manufacture of Mouth Freshener (Pan Masala Without Tobacco) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Calcutta-High-Court-Calcutta-HC-Income-Tax-Mouth-Freshener-Mouth-freshener-Without-Tobacco-taxscan-1.jpg "Calcutta HC allows Income Tax Deduction u/s 80-IC(2)(a)(i) for the Manufacture of Mouth Freshener (Pan Masala Without Tobacco) [Read Order]")
Calcutta HC allows Income Tax Deduction u/s 80-IC(2)(a)(i) for the Manufacture of Mouth Freshener (Pan Masala Without Tobacco) [Read Order]
In a recent case, the Calcutta High Court allowed the deduction under section 80-ic(2)(a)(i) of the Income Tax Act for the manufacture of Mouth...
![Replacement of broken and damaged gear box of furnace klin is current repairs u/s 31(1): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Replacement-broken-and-damaged-gear-box-furnace-klin-ITAT-taxscan.jpeg "Replacement of broken and damaged gear box of furnace klin is current repairs u/s 31(1): ITAT [Read Order]")
![Expenditure incurred exclusively for business to be allowed whether or not assessee was having any income during year: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Expenditure-business-assessee-income-ITAT-taxscan.jpg "Expenditure incurred exclusively for business to be allowed whether or not assessee was having any income during year: ITAT [Read Order]")
ITAT deletes Addition of ‘On Money’ due to Lack of Information about Receipt of Money [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) has deleted the income tax addition of ‘On Money’ due to lack of information about receipt of money. Yash Synthetics Private Limited, the...
![ITAT deletes Addition of ‘On Money’ due to Lack of Information about Receipt of Money [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-ITAT-Deletes-Addition-Income-Tax-Appellate-Tribunal-ITAT-mumbai-income-tax-addition-Income-Tax-taxscan.webp "ITAT deletes Addition of ‘On Money’ due to Lack of Information about Receipt of Money [Read Order]")
ITAT allows Deduction Claim u/s 80IB (10) of Income Tax Act in respect of Flats which Area Exceeds 1000 sq.fts Excluding Balcony Open to Sky [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) allowed a claim for deduction under Section 80IB(10) of the Income Tax Act, 1961 in respect of flats whose area exceeds 1000...
![ITAT allows Deduction Claim u/s 80IB (10) of Income Tax Act in respect of Flats which Area Exceeds 1000 sq.fts Excluding Balcony Open to Sky [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Income-Tax-Income-Tax-Act-Income-Tax-Appellate-Tribunal-Section-80IB10-of-the-Income-Tax-Act-ITAT-Allows-taxscan.jpg "ITAT allows Deduction Claim u/s 80IB (10) of Income Tax Act in respect of Flats which Area Exceeds 1000 sq.fts Excluding Balcony Open to Sky [Read Order]")
Exemption u/s 54F of Income Tax Act not allowable for 500 sqm Shed on Agricultural Land: ITAT [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) rejected a claim for exemption under Section 54F of the Income Tax Act, as the exemption from sale of capital assets were claimed in the...
![Exemption u/s 54F of Income Tax Act not allowable for 500 sqm Shed on Agricultural Land: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/site-img-6-1.jpg "Exemption u/s 54F of Income Tax Act not allowable for 500 sqm Shed on Agricultural Land: ITAT [Read Order]")
MP HC to Examine ITAT's Reliance on Investigation Report sans ITAT Rule 29 Compliance, Issues Notice to Income Tax Department [Read Order]
The Madhya Pradesh High Court has decided to scrutinize the Income Tax Appellate Tribunal ( ITAT ) 's reliance on an investigation report without adhering to ITAT Rule 29 compliance, and has...
![MP HC to Examine ITATs Reliance on Investigation Report sans ITAT Rule 29 Compliance, Issues Notice to Income Tax Department [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Madhya-Pradesh-High-Court-Income-Tax-Department-ITAT-Rule-Income-Tax-Issues-Noticee-taxscan.jpg "MP HC to Examine ITATs Reliance on Investigation Report sans ITAT Rule 29 Compliance, Issues Notice to Income Tax Department [Read Order]")
Profit of Business Undertaking in Proportion of Export Turnover to Total Turnover would be Eligible for Deduction u/s 10 A of Income Tax Act: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that the profit of business undertaking in proportion of export turnover to total turnover would be eligible for deduction under...
![Profit of Business Undertaking in Proportion of Export Turnover to Total Turnover would be Eligible for Deduction u/s 10 A of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/58bfc8d2-c4b6-44f0-b028-075b10fc79f3.jpg "Profit of Business Undertaking in Proportion of Export Turnover to Total Turnover would be Eligible for Deduction u/s 10 A of Income Tax Act: ITAT [Read Order]")
Relief to Samsung India: Delhi HC quashes Initiation of Reassessment Proceedings after Lapse of 4 years [Read Order]
In a major relief to Samsung India, the Delhi High Court quashed the initiation of reassessment proceedings after lapse of 4 years. The present appeal has been preferred by the Revenue against the...
Interest Received by Indian PE over Deposit in Head Office/Overseas Branch is Not Taxable in India: Delhi HC dismisses Income Tax Dept’s Appeal [Read Order]
The Delhi High Court in a recent case, held that interest received by an Indian permanent establishment ( PE ) over deposit in the head office/overseas branch is not taxable in India and dismissed...
