![Calcutta HC upholds Deduction U/s 80IC of Income Tax Act for Substantial Expansion in Subsequent years unless initial year Relief Withdrawn [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Calcutta-HC-Upholds-Deduction-Income-Tax-Act-Deduction-Calcutta-Highcourt-Income-Tax-Substantial-Expansion-in-Subsequent-Years-taxscan.jpg "Calcutta HC upholds Deduction U/s 80IC of Income Tax Act for Substantial Expansion in Subsequent years unless initial year Relief Withdrawn [Read Order]")
Calcutta HC upholds Deduction U/s 80IC of Income Tax Act for Substantial Expansion in Subsequent years unless initial year Relief Withdrawn [Read Order]
The High Court of Calcutta has held that the deduction under Section 80IC of the Income Tax Act, 1961 for substantial expansion cannot be rejected...
![Start-up Businesses Can Deduct All Revenue Expenses, Even If business has not commenced u/s 30(1) and 37(1) of IT Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Revenue-Expenses-Start-up-Businesses-If-business-IT-Act-ITAT-taxscan.jpg "Start-up Businesses Can Deduct All Revenue Expenses, Even If business has not commenced u/s 30(1) and 37(1) of IT Act: ITAT [Read Order]")
![TDS not Deductible on Commission Paid to Non-Resident Agent Overseas: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/TDS-Commission-Paid-Non-Resident-Agent-Overseas-Delhi-Highcourt-TDS-Not-Deductible-on-Commission-Paid-Commission-Paid-to-Non-Resident-Agent-Overseas-taxscan.jpg "TDS not Deductible on Commission Paid to Non-Resident Agent Overseas: Delhi HC [Read Order]")
![Deduction on Employees PF Contribution can be Claim Even if Payment was made After Due Date as per S. 36(1)(va) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Deduction-on-Employees-PF-Contribution-Payment-Due-Date-Deduction-Income-Tax-Act-ITAT-taxscan.jpg "Deduction on Employees PF Contribution can be Claim Even if Payment was made After Due Date as per S. 36(1)(va) of Income Tax Act: ITAT [Read Order]")
![Assessment Completed, issue resolved and Affirmed by SC: Delhi HC dismisses Appeal of Income Tax Dept [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Assessment-Completed-issue-resolved-and-Affirmed-by-SC-Delhi-HC-dismisses-Appeal-of-Income-Tax-Dept-TAXSCAN.jpg "Assessment Completed, issue resolved and Affirmed by SC: Delhi HC dismisses Appeal of Income Tax Dept [Read Order]")
![Purchase and sale of shares are Not Bogus: ITAT deletes Penalty u/s 271(1)(c) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Purchase-and-sale-of-shares-ITAT-deletes-Penalty-Income-Tax-Act-sale-of-shares-Purchase-of-Shares-Penalty-taxscan.jpg "Purchase and sale of shares are Not Bogus: ITAT deletes Penalty u/s 271(1)(c) of Income Tax Act [Read Order]")
Relief to Reliance Commercial Dealers: 10% TDS Applicable on Payment to FSII for for Availing Training of Pilots, rules ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal held that taxation rate is not to exceed 10% under Article 12 of the DTAA between India and France. The assessee is a company engaged in the...
![Relief to Reliance Commercial Dealers: 10% TDS Applicable on Payment to FSII for for Availing Training of Pilots, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Relief-to-Reliance-Commercial-Dealers-TDS-Applicable-on-Payment-to-FSII-for-for-Availing-Training-of-Pilots-rules-ITAT-TAXSCAN.jpg "Relief to Reliance Commercial Dealers: 10% TDS Applicable on Payment to FSII for for Availing Training of Pilots, rules ITAT [Read Order]")
Assessee cannot Question Power of Transferring Cases of Authorities from one Jurisdiction to Another: ITAT upholds Assessment Order [Read Order]
The Income Tax Appellate Tribunal (ITAT) Chennai Bench held that the assessee cannot question the power of transferring cases of authorities from one jurisdiction to another. Therefore, the bench...
![Assessee cannot Question Power of Transferring Cases of Authorities from one Jurisdiction to Another: ITAT upholds Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/transferring-cases-of-authorities-from-one-jurisdiction-to-another-ITAT-upholds-assessment-order-transferring-cases-of-authorities-assessment-order-ITAT-taxscan.jpg "Assessee cannot Question Power of Transferring Cases of Authorities from one Jurisdiction to Another: ITAT upholds Assessment Order [Read Order]")
No Failure to Disclose Material Facts fully: ITAT invalidates Assessment Reopened after Four Years [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) has invalidated assessment reopened after four years as there was no failure to disclose the material facts fully. The assessment order...
![No Failure to Disclose Material Facts fully: ITAT invalidates Assessment Reopened after Four Years [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/ITAT-invalidates-assessment-reopened-ITAT-assessment-taxscan.jpg "No Failure to Disclose Material Facts fully: ITAT invalidates Assessment Reopened after Four Years [Read Order]")
Section 80HHC of Income Tax Act not requires Exports Profits as Sole Source of Income: ITAT allows Deduction [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that businesses can avail of benefits under Section 80HHC of Income Tax Act, 1961 even if export profits are not their exclusive...
![Section 80HHC of Income Tax Act not requires Exports Profits as Sole Source of Income: ITAT allows Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Income-Tax-Act-Exports-Profits-as-Sole-Source-of-Income-ITAT-allows-Deduction-ITAT-Deduction-Exports-Profits-taxscan.jpg "Section 80HHC of Income Tax Act not requires Exports Profits as Sole Source of Income: ITAT allows Deduction [Read Order]")
Exemption claim u/s 2(15) of Income Tax Act not allowable on Services provided by GS1 India as it was for Benefit of Trade and Business: Delhi HC [Read Order]
The Delhi High Court has held that an exemption claim under section 2(15) of the Income Tax Act is not allowable on services provided by GS1 India as it was for the benefit of trade and...
![Exemption claim u/s 2(15) of Income Tax Act not allowable on Services provided by GS1 India as it was for Benefit of Trade and Business: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Exemption-claim-Income-Tax-Act-not-allowable-on-Services-provided-by-GS1-India-Business-Delhi-HC-TAXSCAN-.jpg "Exemption claim u/s 2(15) of Income Tax Act not allowable on Services provided by GS1 India as it was for Benefit of Trade and Business: Delhi HC [Read Order]")