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Income Tax Deduction

Donations to Trust by Conversion of Loans are “Donations paid in Cash”: ITAT allow Income Tax Deduction u/s 80G [Read Order]

Fathima Karama A.M

The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has allowed deduction under Section 80G of the income tax act 1961 observing that the...

Case Digest: Income Tax Deductions for Donations under Section 80G

Builder Eligible for Income Tax Deduction u/s 37 in respect Compensation to Flat Buyers on...

Income Tax Deduction cannot be Disallowed due to Bonafide Mistake or Error on the part of the...

Interest Income Earned by Co-operative Society from Another Cooperative Bank Eligible for Income Tax...

Interest Income earned by Co-operative Societies Eligible for Income Tax Deduction: ITAT [Read Order]

In a recent ruling, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that Interest Income earned by Co-operative Societies is eligible for Income Tax Deduction. Amore Commercial...

House Loan paid by Company Allotted to Directors for Residential Purpose Eligible for Income Tax Deduction: ITAT [Read Order]

The Delhi Bench Income Tax Appellate Tribunal ( ITAT ) has held that the house loan paid by a company allotted to the directors for residential purpose would be eligible for the Income Tax Deduction....

Rental Income is Inseparably connected with Business of Cargo Handling Services: ITAT Allows Income Tax Deduction u/s. 80IA [Read Order]

In a significant ruling, the Income Tax Appellate Tribunal ( ITAT ), Bangalore bench has held that the rental income which is inseparably connected with the business of cargo handling services shall...

Income Tax Deduction u/s 80IA(4) Available Without Certificate from Concerned Port: Bombay HC [Read Order]

Justice Kamal Khata and Justice Dhiraj Singh Thakur of Bombay High Court decided that Income Tax deduction under section 80IA(4) is available without a certificate from the concerned port. The...

Income Tax Deduction to Manufacturing Unit cannot be Disallowed Even If Part of Activities are done Outside Unit: ITAT [Read Order]

The Income Tax Appellate Tribunal ( ITAT ), Mumbai bench has held that the income tax deduction under section 80IB of the Income Tax Act, 1961 cannot be disallowed even if the part of manufacturing...

Expenses to Musical Programme and Garba Event are Personal in Nature, No Income Tax deduction: ITAT [Read Order]

The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) held that income tax deduction is not allowable, as the expenses to musical programmes and Garbaevents are personal in nature. Dr...

Expenses towards Renovation of Business Showrooms 'Revenue' in Nature: ITAT allows Income Tax Deduction to Skoda Dealers [Read Order]

The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that the expenses incurred by the car dealers towards renovating its four business showrooms are revenue in nature for the purpose...

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