![Amended Provisions relating to Income Tax Deduction towards Contribution towards ESI and PF not applicable to AY 2018-19: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Amended-Provisions-Deduction-Contribution-ESI-and-PF-AY-ITAT-Taxscan.jpeg "Amended Provisions relating to Income Tax Deduction towards Contribution towards ESI and PF not applicable to AY 2018-19: ITAT [Read Order]")
Amended Provisions relating to Income Tax Deduction towards Contribution towards ESI and PF not applicable to AY 2018-19: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has held that the amended provisions of section 43B and 36(1)(va) of the Income Tax...
![Interest on Security Deposit with MSEDCL eligible for Income Tax Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Interest-Security-Deposit-MSEDCL-eligible-Income-Tax-Deduction-ITAT-Taxscan.jpg "Interest on Security Deposit with MSEDCL eligible for Income Tax Deduction: ITAT [Read Order]")
![Course Fee paid to Harward Business School for Director allowable as Business Expenses of Company: ITAT allows Income Tax Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Course-Fee-Harward-Business-School-Business-Expenses-ITAT-Income-Tax-Deduction-Taxscan.jpeg "Course Fee paid to Harward Business School for Director allowable as Business Expenses of Company: ITAT allows Income Tax Deduction [Read Order]")
![Bonafide Deduction Claim does not attract Income Tax Penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Bonafide-Deduction-Claim-Income-Tax-Penalty-ITAT-Taxscan.jpg "Bonafide Deduction Claim does not attract Income Tax Penalty: ITAT [Read Order]")
Deposit in 'no-lien/escrow account' will not constitute 'Actual Payment', No Income Tax Deduction allowable: Orissa High Court [Read Order]
A division bench of the Orissa High Court has held that deposit of amount in 'no-lien/escrow account' will not constitute 'actual payment' under Section 43-B of the Income Tax Act, 1961. The bench...
![Deposit in no-lien/escrow account will not constitute Actual Payment, No Income Tax Deduction allowable: Orissa High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Deposit-Actual-Payment-Income-Tax-Deduction-Orissa-High-Court-taxscan.jpg "Deposit in no-lien/escrow account will not constitute Actual Payment, No Income Tax Deduction allowable: Orissa High Court [Read Order]")
No Income Tax Deduction payable on Pharmaceutical Companies gifting Freebies to Doctors: Supreme Court [Read Judgment]
The Supreme Court has held that no Income Tax Deduction is payable on Pharmaceutical Companies gifting freebies to doctors. The Central Board of Direct Taxes (CBDT) issued a circular5, which...
![No Income Tax Deduction payable on Pharmaceutical Companies gifting Freebies to Doctors: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/02/Income-Tax-Deduction-Pharmaceutical-Companies-gifting-freebies-to-doctors-SC.jpg "No Income Tax Deduction payable on Pharmaceutical Companies gifting Freebies to Doctors: Supreme Court [Read Judgment]")
Fertilizer Subsidy Income derived from Business of Industrial undertaking eligible for Income Tax Deduction: ITAT grants relief to Tata Chemicals [Read Order]
In a major relief to the Tata Chemicals, the Income Tax Appellate Tribunal (ITAT), Mumbai Bench has ruled that Fertilizer Subsidy income derived from business of industrial undertaking eligible...
![Fertilizer Subsidy Income derived from Business of Industrial undertaking eligible for Income Tax Deduction: ITAT grants relief to Tata Chemicals [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/02/Fertilizer-Subsidy-income-Income-Tax-Deduction-ITAT-Tata-Chemicals-TAXSCAN.jpg "Fertilizer Subsidy Income derived from Business of Industrial undertaking eligible for Income Tax Deduction: ITAT grants relief to Tata Chemicals [Read Order]")
ITAT upholds Order denying Income Tax Deduction of sum paid to Real Estate Broker for want of Proof of Payment [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune bench has held that the Income Tax deduction cannot be allowed to the payment of brokerage at the time of purchasing the property on the ground that the...
![ITAT upholds Order denying Income Tax Deduction of sum paid to Real Estate Broker for want of Proof of Payment [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/Finance-Minister-Income-Tax-Relief-Developers-Home-Buyers-Boost-Real-Estate-Demand-Taxscan.jpeg "ITAT upholds Order denying Income Tax Deduction of sum paid to Real Estate Broker for want of Proof of Payment [Read Order]")
Donation to Local Clubs/Bodies during Festival/Sports to have Good Relation with them is allowable Expenditure: ITAT allows 50% Deduction [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) has held that the donation made to the local clubs/bodies during festival/sports to have good relations with them for the smooth running...
![Donation to Local Clubs/Bodies during Festival/Sports to have Good Relation with them is allowable Expenditure: ITAT allows 50% Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/02/Donation-local-clubs-local-bodies-festival-sports-Expenditure-ITAT-Deduction-Taxscan.jpg "Donation to Local Clubs/Bodies during Festival/Sports to have Good Relation with them is allowable Expenditure: ITAT allows 50% Deduction [Read Order]")
![CBDT allows Income Tax Deduction to Patanjali Research Foundation Trust [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/11/CBDT-Patanjali-Research-Foundation-Trust-scientific-research-Taxscan.jpg "CBDT allows Income Tax Deduction to Patanjali Research Foundation Trust [Read Notification]")
