![No Income Tax Deduction allowable for Gains from Foreign Exchange Fluctuations u/s 80HHC of the Income Tax Act: Supreme Court [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2023/11/Income-Tax-Deduction-allowable-for-Gains-Foreign-Exchange-Fluctuations-Income-Tax-Act-Supreme-Court-taxscan.jpg "No Income Tax Deduction allowable for Gains from Foreign Exchange Fluctuations u/s 80HHC of the Income Tax Act: Supreme Court [Read Judgement]")
No Income Tax Deduction allowable for Gains from Foreign Exchange Fluctuations u/s 80HHC of the Income Tax Act: Supreme Court [Read Judgement]
A two-judge bench of the Supreme Court of India has held that no deduction under Section 80HHC of the Income Tax Act is allowable for gains from...
![Claim of Income Tax Deduction on Expenditure under Mistake: Delhi HC sets aside Penalty Imposed without Providing Hearing [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Claim-of-Income-Tax-Deduction-Expenditure-Delhi-High-Court-Penalty-imposed-taxscan.jpg "Claim of Income Tax Deduction on Expenditure under Mistake: Delhi HC sets aside Penalty Imposed without Providing Hearing [Read Order]")
![CBDT releases Procedures, Format and Standards for filling application for grant of Income Tax Deduction Certificate Via App TRACES [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/09/CBDT-releases-Procedures-Format-Standards-filling-application-grant-Income-Tax-Deduction-Certificate-App-TRACES-taxscan.jpg "CBDT releases Procedures, Format and Standards for filling application for grant of Income Tax Deduction Certificate Via App TRACES [Read Notification]")
![Income Tax Deduction U/S80P cannot be denied on ground of Delay in Submitting Audit Report by Govt Auditor: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Income-Tax-Deduction-Income-Tax-Deduction-Delay-Govt-Auditor-ITAT-taxscan.jpg "Income Tax Deduction U/S80P cannot be denied on ground of Delay in Submitting Audit Report by Govt Auditor: ITAT [Read Order]")
No Income Tax Deduction Allowable for Commission Payments Without Examination/Verification of Agreement between Payer and Dealers: ITAT [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal (ITAT) held that the Assessment Order allowing deduction of commission payments has been passed without verification, which should have been made,...
![No Income Tax Deduction Allowable for Commission Payments Without Examination/Verification of Agreement between Payer and Dealers: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Income-Tax-Deduction-Income-Tax-Deduction-Commission-Payments-Commission-Examination-Verification-Agreement-between-Payer-and-Dealers-Payer-and-Dealers-ITAT-Taxscan.jpg "No Income Tax Deduction Allowable for Commission Payments Without Examination/Verification of Agreement between Payer and Dealers: ITAT [Read Order]")
No Income Tax Deduction on Delayed Payment of Employees Contribution to PF & ESIC After Prescribed Due Date: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT), held that delayed payment of Employees Contribution to PF (Provident Fund) and ESIC (Employees' State Insurance Corporation) after the...
![No Income Tax Deduction on Delayed Payment of Employees Contribution to PF & ESIC After Prescribed Due Date: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Income-Tax-Deduction-Delayed-Payment-Employees-Contribution-PF-ESIC-Due-Date-ITAT-TAXSCAN.jpg "No Income Tax Deduction on Delayed Payment of Employees Contribution to PF & ESIC After Prescribed Due Date: ITAT [Read Order]")
Income Tax Deduction can't be Denied on ground of Return filed Belatedly u/s 139(4) of IT Act: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the Income Tax deduction cannot be denied on the ground of a return filed belatedly under Section 139(4) of the Income Tax Act,...
![Income Tax Deduction cant be Denied on ground of Return filed Belatedly u/s 139(4) of IT Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Income-Tax-Deduction-Income-Tax-Deduction-Return-filed-IT-Act-Income-Tax-Act-ITAT-Taxscan.jpg "Income Tax Deduction cant be Denied on ground of Return filed Belatedly u/s 139(4) of IT Act: ITAT [Read Order]")
Income Tax Deduction u/s 80IA(4)(iii) Allowable on Obtaining Govt Approval to Industrial Park: Bombay HC [Read Order]
The Bombay High Court ruled that income tax deduction under Section 80IA(4)(iii) allowable on obtaining Government approval to Industrial Park. The Assessing Officer (AO), during the course of the...
![Income Tax Deduction u/s 80IA(4)(iii) Allowable on Obtaining Govt Approval to Industrial Park: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Income-Tax-Deduction-80IA4iii-Allowable-on-Obtaining-Govt-Approval-to-Industrial-Park-Bombay-HC-TAXSCAN.jpg "Income Tax Deduction u/s 80IA(4)(iii) Allowable on Obtaining Govt Approval to Industrial Park: Bombay HC [Read Order]")
Expenditure Incurred on Foreign Currency on Telecommunications Charges and Technical Services Outside India, not Excluded from Export Turnover: ITAT Allows Income Tax Deduction to Tech Mahindra [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) held that expenditure incurred on foreign currency on telecommunication charges and provision of technical services outside of India should...
![Expenditure Incurred on Foreign Currency on Telecommunications Charges and Technical Services Outside India, not Excluded from Export Turnover: ITAT Allows Income Tax Deduction to Tech Mahindra [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Expenditure-Incurred-on-Foreign-Currency-Expenditure-Incurred-Foreign-Currency-Telecommunications-Charges-ITAT-Allows-Income-Tax-Deduction-to-Tech-Mahindra-ITAT-Taxscan.jpg "Expenditure Incurred on Foreign Currency on Telecommunications Charges and Technical Services Outside India, not Excluded from Export Turnover: ITAT Allows Income Tax Deduction to Tech Mahindra [Read Order]")
Relief to Tripoto: ITAT directs Re-Adjudication on Income Tax Deduction Claim for Late Deposit of Employees' Contributions to PF/ESI [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has allowed the appeal of Tripoto.com Pvt. Ltd. and directed the Assessing Officer (AO) to re-adjudicate the claim of deduction for the...
![Relief to Tripoto: ITAT directs Re-Adjudication on Income Tax Deduction Claim for Late Deposit of Employees Contributions to PF/ESI [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Relief-to-Tripoto-Tripoto-ITAT-directs-Re-Adjudication-on-Income-Tax-Deduction-Claim-ITAT-Re-Adjudication-Income-Tax-Deduction-Claim-Income-Tax-Deduction-Taxscan.jpg "Relief to Tripoto: ITAT directs Re-Adjudication on Income Tax Deduction Claim for Late Deposit of Employees Contributions to PF/ESI [Read Order]")
