![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]")
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...
![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]](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]](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]")
Benefit of Sec 54B cannot be denied on Ground that Investment and Document Registered is made in the name of Spouse: Rajasthan HC [Read Judgment]
A division bench of the Rajasthan High Court held that the benefit of Section 54B of the Income Tax Act, 1961 cannot be denied to the assessee merely on the ground that the investment and document...
![Benefit of Sec 54B cannot be denied on Ground that Investment and Document Registered is made in the name of Spouse: Rajasthan HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/01/RajasthanHighCourt-Taxscan.jpg "Benefit of Sec 54B cannot be denied on Ground that Investment and Document Registered is made in the name of Spouse: Rajasthan HC [Read Judgment]")
Sec 14A cannot be invoked when Investment in the Subsidiaries was shown as Non-Current Assets in the Balance Sheet: ITAT [Read Order]
Mumbai bench of Income Tax Appellate Tribunal has held that Section 14A of the Income Tax Act 1961 cannot be invoked when investment in the subsidiaries was shown in the balance sheet under the head...
![Sec 14A cannot be invoked when Investment in the Subsidiaries was shown as Non-Current Assets in the Balance Sheet: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/Investment-Taxscan.jpg "Sec 14A cannot be invoked when Investment in the Subsidiaries was shown as Non-Current Assets in the Balance Sheet: ITAT [Read Order]")
Investment in Jewellery can’t be treated as Unexplained when it is Reflected in Books & the Source of Fund is Evidenced through Bank A/c: ITAT [Read Order]
The Kolkata bench of Income Tax Appellate Tribunal, in its recent order said that Investment in Jewellery cannot be treated as Unexplained when it is reflected in the books & the source of Fund is...
![Investment in Jewellery can’t be treated as Unexplained when it is Reflected in Books & the Source of Fund is Evidenced through Bank A/c: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/05/excise-duty-on-jewellers.jpg "Investment in Jewellery can’t be treated as Unexplained when it is Reflected in Books & the Source of Fund is Evidenced through Bank A/c: ITAT [Read Order]")
Investment Shown under the head ‘Current Asset’ in the balance Sheet can’t be treated as Unexplained: ITAT [Read Order]
Kolkata bench of Income Tax Appellate Tribunal (ITAT) recently held that if the assessee has disclosed investment under current assets in the balance sheet, then the same cannot be treated as...
![Investment Shown under the head ‘Current Asset’ in the balance Sheet can’t be treated as Unexplained: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/08/Investment-Funds-Taxscan.jpg "Investment Shown under the head ‘Current Asset’ in the balance Sheet can’t be treated as Unexplained: ITAT [Read Order]")
ITAT Mumbai takes a Liberal Approach, allows Deduction for Investment in NHAI/REC Bonds made within 6 months from the receipt of Sale Consideration
The division bench of the Mumbai Income Tax Appellate Tribunal (ITAT), in Lemes E. D’ Souza v. ITO, held that benefit of Investing in NHAI/REC Bonds under section 54EC of the Income Tax cannot be...
Profit/Loss arising out of Investment in Equity Participation is ‘Revenue’ in nature: Delhi HC [Read Order]
In Principal CIT v. Industrial Finance Corporation of India Ltd, the division bench of the Delhi High Court held that the profit or loss arising out of investment in equity participation is ‘Revenue’...