![Interest Income earned by enterprises in Other Jurisdictions is Taxable, if attributable to the PE: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Interest-income-jurisdictions-taxable-ITAT-taxscan.jpeg "Interest Income earned by enterprises in Other Jurisdictions is Taxable, if attributable to the PE: ITAT [Read Order]")
Interest Income earned by enterprises in Other Jurisdictions is Taxable, if attributable to the PE: ITAT [Read Order]
In a ruling, in favour of Marubeni Corporation India Pvt. Ltd, the Mumbai bench of Income Tax Appellant Tribunal has held that Interest income earned...
![Interest Income only cannot attract Depreciation under Section 32 of the Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Interest-Income-Depreciation-n-Income-Tax-Act-ITAT-taxscan.jpg "Interest Income only cannot attract Depreciation under Section 32 of the Income Tax Act: ITAT [Read Order]")
![CBDT notifies Regional Air Connectivity Fund Trust eligible for Income Tax Exemption [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/01/CBDT-Regional-Air-Connectivity-Fund-Trust-Section-1046-Income-tax-exemption-Taxscan.jpeg "CBDT notifies Regional Air Connectivity Fund Trust eligible for Income Tax Exemption [Read Notification]")
![Interest Income cant be included in Total Income of Assessee as Mercantile System of Accounting in juxtaposition to ‘Real Income Theory’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/Interest-Income-mercantile-system-of-accounting-real-income-theory-ITAT-Taxscan.jpg "Interest Income cant be included in Total Income of Assessee as Mercantile System of Accounting in juxtaposition to ‘Real Income Theory’: ITAT [Read Order]")
![CBDT notifies Format, Procedure and Guidelines for submission of SFT for Interest Income [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/04/CBDT-Format-Procedure-and-Guidelines-for-submission-SFT-Interest-income-Taxscan.jpeg "CBDT notifies Format, Procedure and Guidelines for submission of SFT for Interest Income [Read Notification]")
![ITAT restores matter to AO to determine Deduction of Business Income and Interest Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-AO-deduction-of-business-income-interest-income-Taxscan.jpg "ITAT restores matter to AO to determine Deduction of Business Income and Interest Income [Read Order]")
ITAT directs AO to allow Expenditure incurred at Head Office except director Salary against Interest Income [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai Bench directed AO to allow expenditure incurred at Head Office except for director salary against interest income. The assessee, M/s. The...
![ITAT directs AO to allow Expenditure incurred at Head Office except director Salary against Interest Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-AO-expenditure-interest-income-Taxscan.jpg "ITAT directs AO to allow Expenditure incurred at Head Office except director Salary against Interest Income [Read Order]")
![Interest Income linked with Power Plant set up is Capital Receipt, can’t be Taxed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Interest-income-power-plant-capital-receipt-ITAT-Taxscan.jpg "Interest Income linked with Power Plant set up is Capital Receipt, can’t be Taxed: ITAT [Read Order]")
CIT(A) rightly treated the fixed deposit interest income under the “Income from Business & Profession” instead of “Income from Other Sources”: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench said that the CIT(A) rightly treated the fixed deposit interest income under the “Income from Business & Profession” instead of “Income from...
![CIT(A) rightly treated the fixed deposit interest income under the “Income from Business & Profession” instead of “Income from Other Sources”: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/NFDC-CITA-fixed-deposit-interest-income-Income-from-Business-Income-from-Other-Sources-ITAT-Taxscan.jpeg "CIT(A) rightly treated the fixed deposit interest income under the “Income from Business & Profession” instead of “Income from Other Sources”: ITAT [Read Order]")
Advance Income received as interest income on bills discounting is subjected to taxation on accrual basis: Madras HC grants relief to Karur Vysya Bank [Read Judgment]
The Madras High Court quashed the ITAT order wherein it was held that the income received in advance in the nature of interest income on discounting of bills against the letter of credit is to be...
![Advance Income received as interest income on bills discounting is subjected to taxation on accrual basis: Madras HC grants relief to Karur Vysya Bank [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/10/ITAT-interest-income-bills-discounting-Advance-Income-taxation-Karur-Vysya-Bank-Taxscan.jpg "Advance Income received as interest income on bills discounting is subjected to taxation on accrual basis: Madras HC grants relief to Karur Vysya Bank [Read Judgment]")
ITAT deletes addition of alleged Long-Term Capital Gains and estimated commission as revenue failed to dislodge assessee’s claim [Read Order]
The Income Tax Appellate Tribunal (ITAT) deleted the addition of alleged long-term Capital Gains and estimated commission as revenue failed to dislodge assessee’s claim. The assessees being...
![ITAT deletes addition of alleged Long-Term Capital Gains and estimated commission as revenue failed to dislodge assessee’s claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/ITAT-Long-Term-Capital-Gains-Taxscan.jpg "ITAT deletes addition of alleged Long-Term Capital Gains and estimated commission as revenue failed to dislodge assessee’s claim [Read Order]")