![Expenditure towards Issue of ESOP at Discounted Rate Allowable as Income Tax Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/ESOP-Income-Tax-Deduction-ITAT-taxscan.jpg "Expenditure towards Issue of ESOP at Discounted Rate Allowable as Income Tax Deduction: ITAT [Read Order]")
Expenditure towards Issue of ESOP at Discounted Rate Allowable as Income Tax Deduction: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has allowed income tax deduction in respect of the expenditure towards the issue of...
![GTD Expenses are allowable as Income Tax Deduction: ITAT upholds deletion of Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/GTD-Expenses-Income-Tax-Deduction-ITAT-taxscan.jpg "GTD Expenses are allowable as Income Tax Deduction: ITAT upholds deletion of Disallowance [Read Order]")
![Assessing Officer allowed Income Tax Deduction in the form of Amortization of Premium with due verification: ITAT sets aside Revisional Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Assessing-Officer-Income-Tax-Deduction-Amortization-Premium-ITAT-Revisional-Order-taxscan.jpeg "Assessing Officer allowed Income Tax Deduction in the form of Amortization of Premium with due verification: ITAT sets aside Revisional Order [Read Order]")
![Generation of Electricity is Manufacture, eligible for Income Tax Deduction u/s 32AC: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Electricity-Manufacture-Income-Tax-Deduction-ITAT-taxscan.jpeg "Generation of Electricity is Manufacture, eligible for Income Tax Deduction u/s 32AC: ITAT [Read Order]")
![Activities of Society for Benefit of Investors and Potential Investors forming part of General Public, eligible for Income Tax Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Potential-Investors-Income-Tax-Deduction-ITAT-taxscan.jpeg "Activities of Society for Benefit of Investors and Potential Investors forming part of General Public, eligible for Income Tax Deduction: ITAT [Read Order]")
Income Tax Deduction Not Available for Delayed Deposit of Contributions towards EPF/ESI Funds: Supreme Court [Read Judgment]
In a significant ruling, the Supreme Court held that income tax deduction under section 36(1)(va) and section 43B of the Income Tax Act, 1961shall not be available to the late deposit of...
![Income Tax Deduction Not Available for Delayed Deposit of Contributions towards EPF/ESI Funds: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/10/Income-Tax-Deduction-Deposit-EPF-ESI-Supreme-Court-taxscan.jpeg "Income Tax Deduction Not Available for Delayed Deposit of Contributions towards EPF/ESI Funds: Supreme Court [Read Judgment]")
Income Tax Deduction under Sec 80 IB allowable even If Goods were not manufactured by own plant and machinery: ITAT [Read Order]
The Surat bench of the Income Tax Appellate Tribunal (ITAT) has held that the income tax deduction under section 80 IB of the Income Tax Act,1961 is allowable even if the goods were not manufactured...
![Income Tax Deduction under Sec 80 IB allowable even If Goods were not manufactured by own plant and machinery: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Income-Tax-deduction-section-80-IB-plant-and-machinery-ITAT-taxscan.jpeg "Income Tax Deduction under Sec 80 IB allowable even If Goods were not manufactured by own plant and machinery: ITAT [Read Order]")
Interest paid on Delayed Payment of TDS is Not Business Expenditure: ITAT disallows Income Tax Deduction Claim [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has held that income tax deduction cannot be available for the interest paid on the delayed payment of TDS under section 201(1A) of the...
![Interest paid on Delayed Payment of TDS is Not Business Expenditure: ITAT disallows Income Tax Deduction Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Interest-paid-TDS-Business-Expenditure-ITAT-Income-Tax-Deduction-taxscan.jpeg "Interest paid on Delayed Payment of TDS is Not Business Expenditure: ITAT disallows Income Tax Deduction Claim [Read Order]")
Income Tax Deduction u/s 80G excluding Category D shall be allowed on the Basis of Claims made in Income Tax Return: Dept
The income tax department, through its official portal has informed the taxpayers that the deduction under section 80G of the Income Tax Act, 1961 excluding category D shall be allowed on the basis...
Income Tax Deduction for Expenses on Covid-19 Treatment: CBDT Notifies Conditions and Form [Read Notification]
The Central Board of Direct Taxes (CBDT) has notified the conditions and for availing income tax deduction for the expenses incurred on covid-19 treatment. The Finance Bill, 2022 has provided for...
![Income Tax Deduction for Expenses on Covid-19 Treatment: CBDT Notifies Conditions and Form [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/08/Income-Tax-Deduction-Expenses-Covid-19-Treatment-CBDT-taxscan-1.jpg "Income Tax Deduction for Expenses on Covid-19 Treatment: CBDT Notifies Conditions and Form [Read Notification]")
Relief to Ecocat India: ITAT allows Income Tax Deduction towards In-House Research and Developments [Read Order]
The Income Tax Appellate Tribunal (ITAT), New Delhi grants relief to Ecocat India Pvt Limited by allowing tax deduction toward in-house research and developments. The company is engaged in...
![Relief to Ecocat India: ITAT allows Income Tax Deduction towards In-House Research and Developments [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Relief-to-Ecocat-India-ITAT-Income-Tax-Deduction-house-research-developments-taxscan.jpg "Relief to Ecocat India: ITAT allows Income Tax Deduction towards In-House Research and Developments [Read Order]")
Amended Provisions relating to Income Tax Deduction towards Contribution to ESI and PF Applicable from 2021-22 AY onwards not Retrospectively: ITAT [Read Order]
The Jaipur Bench Income Tax Appellate Tribunal (ITAT) has held that amended provisions relating to income tax deduction towards contribution to ESI and PF applicable from 2021-22 assessment year...
![Amended Provisions relating to Income Tax Deduction towards Contribution to ESI and PF Applicable from 2021-22 AY onwards not Retrospectively: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Amended-Provisions-Income-Tax-Deduction-Contribution-ESI-and-PF-2021-22-AY-Retrospectively-ITAT-Taxscan.jpeg "Amended Provisions relating to Income Tax Deduction towards Contribution to ESI and PF Applicable from 2021-22 AY onwards not Retrospectively: ITAT [Read Order]")