Accountancy must leave Spreadsheet Comfort Zone’: ACCA report reveals Challenges and Opportunities for Digital Accountants [Read Report]
The Digital Accountant, produced by the Association of Chartered Certified Accountants ( ACCA ), surveyed more than 4,200 accountants globally. The...
![Husband Eligible for Capital Gain Exemption on Investment of Capital Gain in the name of Wife: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/03/site-image3-6-5-1.jpg "Husband Eligible for Capital Gain Exemption on Investment of Capital Gain in the name of Wife: ITAT [Read Order]")
![ITAT allows Deduction on Legal and Professional Fees incurred to improve day to day working of Company [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/ITAT-Legal-Deduction-Legal-Professsional-Fees-Taxscan.jpg "ITAT allows Deduction on Legal and Professional Fees incurred to improve day to day working of Company [Read Order]")
![Capital Gain Deduction allowable for House purchased Outside India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/House-Purchased-ITAT-Taxscan.jpg "Capital Gain Deduction allowable for House purchased Outside India: ITAT [Read Order]")
![Investment can’t be Written Off as Bad Debt If a Project fails to Take Off: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/10/Bad-Debt-Aditya-Birla-Taxscan.jpg "Investment can’t be Written Off as Bad Debt If a Project fails to Take Off: ITAT [Read Order]")
Expenditure on Interest-bearing Loans acquired for making Investment in Agricultural Land not allowable as Deduction: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Cochin bench has held that the deduction cannot be allowed in respect of interest-bearing funds utilized by the assessee-company for acquiring agricultural...
![Expenditure on Interest-bearing Loans acquired for making Investment in Agricultural Land not allowable as Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/04/Agricultural-Land.jpg "Expenditure on Interest-bearing Loans acquired for making Investment in Agricultural Land not allowable as Deduction: ITAT [Read Order]")
![Loss on Investment in Joint Venture Company can be Written Off: ITAT allows Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/Deduction-Taxscan.jpg "Loss on Investment in Joint Venture Company can be Written Off: ITAT allows Deduction [Read Order]")
ITAT Quashes Addition against Nainital Bank since Investment is made from the Interest Free Funds [Read Order]
The Delhi ITAT has quashed the addition against Nainital Bank Ltd by ruling that the investment is made from the interest-free funds available with the assessee and no question of any addition under...
![ITAT Quashes Addition against Nainital Bank since Investment is made from the Interest Free Funds [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Nainital-Bank-Taxscan.jpg "ITAT Quashes Addition against Nainital Bank since Investment is made from the Interest Free Funds [Read Order]")
Sale Consideration of Shares is Capital Gain If Company treated the same as Investment: Delhi HC follows five broad tests to decide Nature of Income [Read Judgment]
The Delhi High Court, following a-five broad tests to decide the nature of income, ruled that the receipt out of sale of shares is Capital Gain if the Company treated the same as investment. In the...
![Sale Consideration of Shares is Capital Gain If Company treated the same as Investment: Delhi HC follows five broad tests to decide Nature of Income [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/11/Capital-Gain-Taxscan.jpg "Sale Consideration of Shares is Capital Gain If Company treated the same as Investment: Delhi HC follows five broad tests to decide Nature of Income [Read Judgment]")
Income from Share Transactions is Taxable as ‘Capital Gain’ if the ‘Initial Intention’ of assessee was to make Investment: ITAT [Read Order]
The Kolkata bench of the ITAT, while considering the case of I.T.O, Wd-12(1), Kolkata Vs. M/s Nupur Carpets Pvt. Ltd, held that the income from share transactions is taxable as “capital gain” under...
![Income from Share Transactions is Taxable as ‘Capital Gain’ if the ‘Initial Intention’ of assessee was to make Investment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Investment-Taxscan.jpg "Income from Share Transactions is Taxable as ‘Capital Gain’ if the ‘Initial Intention’ of assessee was to make Investment: ITAT [Read Order]")