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Amount of Loan taken for Acquiring Asset Deductible from Value of Assets under Wealth Tax Act: ITAT [Read Order]
The Visakhapatnam bench of Income Tax Appellate Tribunal (ITAT) recently pronounced that amount of Loan taken for acquiring the Asset should be...
![Gratuity Payment to LIC is Eligible for IT Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/ITAT.jpg "Gratuity Payment to LIC is Eligible for IT Deduction: ITAT [Read Order]")
![Donations Received by Trust for Specific Purpose of Acquiring Capital Assets are Tied-up Grants: ITAT allows Exemption [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/Donation-Taxscan.jpg "Donations Received by Trust for Specific Purpose of Acquiring Capital Assets are Tied-up Grants: ITAT allows Exemption [Read Order]")
No Addition for Non-Deduction of Tax at Source on Interest Payment when Assessee obtained Form 15G before making Payment: ITAT [Read Order]
The Income Tax Appellate Tribunal, Vishakhapatnam bench on 10th November 2017 ruled that no addition under the provisions of the Income Tax Act, 1961 can be made for Non-Deduction of tax at source on...
![No Addition for Non-Deduction of Tax at Source on Interest Payment when Assessee obtained Form 15G before making Payment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/TDS-Taxscan.jpg "No Addition for Non-Deduction of Tax at Source on Interest Payment when Assessee obtained Form 15G before making Payment: ITAT [Read Order]")
Depreciation is Allowable on Goodwill even if it was not shown in Balance Sheet: ITAT Vishakhapatnam [Read Order]
The Income Tax Appellate Tribunal (ITAT), Vishakhapatnam bench recently ruled that depreciation under section 32 of the Income Tax Act, 1961 is allowable on goodwill even if it was not shown in the...
![Depreciation is Allowable on Goodwill even if it was not shown in Balance Sheet: ITAT Vishakhapatnam [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/08/Depreciation-Taxscan.jpg "Depreciation is Allowable on Goodwill even if it was not shown in Balance Sheet: ITAT Vishakhapatnam [Read Order]")
Value as per the Stamp Valuation Authorities must be adopted for Computing Capital Gain If Stamp Duty and Registration Cost is borne by Vendor: ITAT
In cases where the stamp duty and registration cost is borne by the vendor, the consideration received by the vendor would be reduced. In such cases, the value as per the stamp valuation authorities...
