![If disallowance relating to Speed Money restricted to only 25% of expenditure, same is to be complied with even for Future Cases: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/ITAT-Taxscan.jpg "If disallowance relating to Speed Money restricted to only 25% of expenditure, same is to be complied with even for Future Cases: ITAT [Read Order]")
If disallowance relating to Speed Money restricted to only 25% of expenditure, same is to be complied with even for Future Cases: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) in DCIT vs. J.M. Baxi & Co., held that If disallowance relating to speed money has been...
![Jewellery received during Marriage can’t be treated as Unexplained: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Jewellery-ITAT-Taxscan.jpg "Jewellery received during Marriage can’t be treated as Unexplained: ITAT [Read Order]")
![No Re-Opening of Assessment without Incriminating Material: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Assessment-Taxscan.jpg "No Re-Opening of Assessment without Incriminating Material: ITAT [Read Order]")
![A Provision not backed by any Actual Expenditure can’t be allowed as Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/deduction.jpg "A Provision not backed by any Actual Expenditure can’t be allowed as Deduction: ITAT [Read Order]")
No Addition If Delay in Depositing Cash withdrawn was explained by way of Oral Evidence: Delhi High Court [Read Judgment]
The Delhi High Court annulling the decisions of Income Tax Appellate Tribunal (ITAT) and Commissioner of Income Tax (Appeals) held that if there is a delay in depositing withdrawn cash to the...
![No Addition If Delay in Depositing Cash withdrawn was explained by way of Oral Evidence: Delhi High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/02/Delhi-High-Court-Taxscan.jpg "No Addition If Delay in Depositing Cash withdrawn was explained by way of Oral Evidence: Delhi High Court [Read Judgment]")
Failure of Explicit Communication of Amended Trust Deed before Department, is no ground for withdrawal of its Registration, till it is Charitable: ITAT [Read Order]
While allowing the appeal filed by the Assessee Paramount Charity Trust, Ahmedabad bench of Income Tax Appellate Tribunal comprising of Judicial member Rajpal Yadav and Accountant Member Pramod Kumar...
![Failure of Explicit Communication of Amended Trust Deed before Department, is no ground for withdrawal of its Registration, till it is Charitable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Trust-Taxscan.jpg "Failure of Explicit Communication of Amended Trust Deed before Department, is no ground for withdrawal of its Registration, till it is Charitable: ITAT [Read Order]")
Lease Equalization Charges Deductible from Rental Income: SC upholds ICAI Guidance Note [Read Judgment]
The Supreme Court, in Commissioner of Income Tax vs. Virtual Soft Systems Ltd. held that deduction on account of lease equalization charges from lease rental income can be allowed under the Income Tax...
![Lease Equalization Charges Deductible from Rental Income: SC upholds ICAI Guidance Note [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/02/Lease-Equalization-Charges-Taxscan.jpg "Lease Equalization Charges Deductible from Rental Income: SC upholds ICAI Guidance Note [Read Judgment]")
![Civil Contractor can’t be penalized u/s 271A of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Civil-Contractor-Taxscan.jpg "Civil Contractor can’t be penalized u/s 271A of Income Tax Act: ITAT [Read Order]")
No Income Tax on Lottery Prize since Tax was already paid under Sikkim State Income Tax Rules: SC [Read Judgment]
In Mahaveer Kumar Jain vs. Commissioner of Income Tax, the Supreme Court held that the income earned by the assessee from lottery prize cannot be subjected to tax under Income Tax Act, 1961 when the...
![No Income Tax on Lottery Prize since Tax was already paid under Sikkim State Income Tax Rules: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/08/Lottery.jpg "No Income Tax on Lottery Prize since Tax was already paid under Sikkim State Income Tax Rules: SC [Read Judgment]")