![No Income Tax Deduction to Law Firm for Expenses incurred for Pleasure Tour by Counsels and Family: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/01/Income-Tax-Deduction-Luthra-and-Luthra-Taxscan.jpg "No Income Tax Deduction to Law Firm for Expenses incurred for Pleasure Tour by Counsels and Family: ITAT [Read Order]")
No Income Tax Deduction to Law Firm for Expenses incurred for Pleasure Tour by Counsels and Family: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that no income tax deduction can be given to the law firm, Luthra and Luthra for...
![Service Tax due but not actually Collected from Customers eligible for Income Tax Deduction: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/09/Service-Tax-Bombay-High-Court-Taxscan.jpg "Service Tax due but not actually Collected from Customers eligible for Income Tax Deduction: Bombay HC [Read Judgment]")
![Income derived from Toddy Tapping is Agricultural Produce, Subject to Tax Deduction: Kerala HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/07/Toddy-Tapping-Taxscan.jpg "Income derived from Toddy Tapping is Agricultural Produce, Subject to Tax Deduction: Kerala HC [Read Judgment]")
![Mutual Fund withdrawals invested in Villa and Bank eligible for S. 54F Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/06/Deduction-Residential-Property.jpg "Mutual Fund withdrawals invested in Villa and Bank eligible for S. 54F Deduction: ITAT [Read Order]")
![ITAT rejects Fake Claim for Deduction of Salary paid to Husband and Daughter [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/04/Salary-Taxscan.jpg "ITAT rejects Fake Claim for Deduction of Salary paid to Husband and Daughter [Read Order]")
Expenses related to the Fundamentals of Business can’t be Disallowed merely because it is not Vouched: ITAT [Read Order]
The ITAT, Lucknow bench in M/s Maheshwari Flour Mills vs. JCIT, has held that expenses related to the fundamentals of the assessee’s business cannot be disallowed merely n ground that they were not...
![Expenses related to the Fundamentals of Business can’t be Disallowed merely because it is not Vouched: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Expenses-Taxscan.jpg "Expenses related to the Fundamentals of Business can’t be Disallowed merely because it is not Vouched: ITAT [Read Order]")
Depreciation Not allowable on Intangible asset on payment of Non-compete Fees for Acquiring 'Going Concern': ITAT [Read Order]
Delhi bench of Income Tax Appellate Tribunal (ITAT) recently disallowed depreciation claim under section 32 of the Income Tax Act, 1961 on intangible asset on non-compete fees paid. Assessee in the...
![Depreciation Not allowable on Intangible asset on payment of Non-compete Fees for Acquiring Going Concern: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/08/Depreciation-Taxscan.jpg "Depreciation Not allowable on Intangible asset on payment of Non-compete Fees for Acquiring Going Concern: ITAT [Read Order]")
An Industry which Ceases to be a SSI is not Eligible for Income Tax Deduction, says Supreme Court [Read Judgment]
The Supreme Court of India recently held that benefit of deduction under Section 80 IB(3) of the Income Tax Act 1961 cannot be given to an industry if it ceases to be a small scale industry. Assessee...
![An Industry which Ceases to be a SSI is not Eligible for Income Tax Deduction, says Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/09/Income-Tax-Deduction-Taxscan-1.jpg "An Industry which Ceases to be a SSI is not Eligible for Income Tax Deduction, says Supreme Court [Read Judgment]")
SC Allows Income Tax Deduction on Excise Duty Paid in Advance in the Personal Ledger Account [Read Judgment]
A two-judge bench of the Supreme Court of India, while dismissing a departmental appeal against M/s Modipon Ltd, categorically held that the advance deposit of central excise duty constitutes actual...
![SC Allows Income Tax Deduction on Excise Duty Paid in Advance in the Personal Ledger Account [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan-min.jpg "SC Allows Income Tax Deduction on Excise Duty Paid in Advance in the Personal Ledger Account [Read Judgment]")
![Kannan Devan Plantations eligible for Income Tax Deduction u/s 80-IA: Kerala HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/11/Kannan-Devan-Plantations.jpg "Kannan Devan Plantations eligible for Income Tax Deduction u/s 80-IA: Kerala HC [Read Judgment]")
Govt Notifies Income Tax Deduction to International Crops Research Institute for the Semi-Arid Tropics [Read Notification]
The Central Government, on Friday notified International Crops Research Institute for the Semi-Arid Tropics (‘ICRISAT’) as an eligible Scientific Research Association for the purpose of section...
![Govt Notifies Income Tax Deduction to International Crops Research Institute for the Semi-Arid Tropics [Read Notification]](https://www.taxscan.in/wp-content/uploads/2017/11/ICRISAT-TAXSCAN.jpg "Govt Notifies Income Tax Deduction to International Crops Research Institute for the Semi-Arid Tropics [Read Notification]")
Rental Income received by Infosys fom Its Subsidiary and BSNL constitute Profits from undertaking, Eligible for IT Deduction: ITAT [Read Order]
While granting tax relief to Infosys, Bangalore bench of the Income tax Appellate Tribunal held that the rental income received from Infosys BPO Limited and BSNL, Chennai are eligible for income tax...
![Rental Income received by Infosys fom Its Subsidiary and BSNL constitute Profits from undertaking, Eligible for IT Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Infosys-Taxscan.jpg "Rental Income received by Infosys fom Its Subsidiary and BSNL constitute Profits from undertaking, Eligible for IT Deduction: ITAT [Read Order]")