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![Expenses towards Gifts purchased for Sales Promotion allowable as Income Tax Deduction Even If List of Recipients are not provided: ITAT [Read Order] Expenses towards Gifts purchased for Sales Promotion allowable as Income Tax Deduction Even If List of Recipients are not provided: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Expenses-Gifts-purchased-Sales-Promotion-Deduction-ITAT.jpg)
Expenses towards Gifts purchased for Sales Promotion allowable as Income Tax Deduction Even If List of Recipients are not provided: ITAT [Read Order]
The Ahmedabad bench of the ITAT has held that the expenses towards gifts purchased for sales promotion shall be allowable as deduction even if the...



![No Statutory Duty cast upon Legal Heir to inform Death of Assessee to Income Tax Department: ITAT [Read Order] No Statutory Duty cast upon Legal Heir to inform Death of Assessee to Income Tax Department: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/No-Statutory-Duty-Legal-Heir-Death-of-Assessee-Income-Tax-Department-ITAT-Taxscan.jpg)
![Compensation for Sterilization of the Profit Earning Source is a Capital Receipt and not Liable to Tax: ITAT [Read Order] Compensation for Sterilization of the Profit Earning Source is a Capital Receipt and not Liable to Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Compensation-Sterilization-Profit-Earning-Source-Capital-Receipt-Liable-to-Tax-ITAT-Taxscan.jpg)
![Section 80IC Deduction allowable to Income from Interest on Electricity Deposit, Recovery from Transporters and Sundry Balances of Vendors written off: ITAT [Read Order] Section 80IC Deduction allowable to Income from Interest on Electricity Deposit, Recovery from Transporters and Sundry Balances of Vendors written off: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Section-80IC-Deduction-Income-Interest-Electricity-Deposit-Recovery-Transporters-Sundry-Balances-Vendors-ITAT-Taxscan.jpeg)
![No TDS deductible as Inter-Corporate Deposit not a Deemed Dividend: ITAT [Read Order] No TDS deductible as Inter-Corporate Deposit not a Deemed Dividend: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/02/TDS-TDS-deductible-Inter-Corporate-deposit-deemed-dividend-ITAT-Techxmedia.jpg)
![ITAT deletes Addition of Profits from Suppressed of Sales, on account of Unpaid Service Tax Liability [Read Order] ITAT deletes Addition of Profits from Suppressed of Sales, on account of Unpaid Service Tax Liability [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/02/Addition-ITAT-Profits-Sales-Unpaid-service-tax-liability-Service-tax-Tax-Tax-liability-Taxscan.jpeg)
![No Disallowance of Interest Expenses if Investment was made to acquire controlling interest: ITAT [Read Order] No Disallowance of Interest Expenses if Investment was made to acquire controlling interest: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/02/Disallowance-of-Interest-Expenses-Investment-acquire-controlling-interest-ITAT.jpg)
![Provision relating to Standard Deduction on Home Loan Interest applicable to Charitable Trust: ITAT [Read Order] Provision relating to Standard Deduction on Home Loan Interest applicable to Charitable Trust: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/Provision-Standard-Deduction-Home-Loan-Interest-Home-Loan-Charitable-Trust-ITAT-Taxscan.jpg)
![CIT cannot direct AO to initiate Penalty while exercising Revisional Jurisdiction: ITAT [Read Order] CIT cannot direct AO to initiate Penalty while exercising Revisional Jurisdiction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/CIT-AO-Penalty-Revisional-Jurisdiction-ITAT-Taxscan.jpg)
![Mere Change of Opinion can’t be a ground to invoke Revisional Jurisdiction: ITAT [Read Order] Mere Change of Opinion can’t be a ground to invoke Revisional Jurisdiction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/Revisional-Jurisdiction-ITAT-Taxscan.jpg)
![Capital Gains arising on Sale of Agricultural Land which is not a Capital Asset shall not be chargeable to Income Tax: ITAT [Read Order] Capital Gains arising on Sale of Agricultural Land which is not a Capital Asset shall not be chargeable to Income Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/12/Capital-gains-sale-of-agricultural-land-capital-asset-Income-tax-ITAT-Taxscan.jpg)
![Expenditure on Conversion of Convertible Debentures into Equity Shares is Capital in Nature: ITAT [Read Order] Expenditure on Conversion of Convertible Debentures into Equity Shares is Capital in Nature: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/09/Expenditure-conversion-of-Convertible-Debentures-equity-shares-Capital-ITAT-Taxscan.jpg)