![Interest Paid on Money Borrowed to bring into Existence a Showroom is Revenue Expenditure: Kerala HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/07/Revenue-Expenditure-Bombay-HC-Taxscan.jpg "Interest Paid on Money Borrowed to bring into Existence a Showroom is Revenue Expenditure: Kerala HC [Read Judgment]")
Interest Paid on Money Borrowed to bring into Existence a Showroom is Revenue Expenditure: Kerala HC [Read Judgment]
In Commissioner of Income Tax v. M/s Joy Alukkas Traders (India) Pvt Ltd, a division bench of the Kerala High Court held that interest paid on money...
![Bad Debts Written Off is deductible if the same has been taken into account in computing the income of the assessee in previous years: Kerala HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/10/Debt-Taxscan.jpg "Bad Debts Written Off is deductible if the same has been taken into account in computing the income of the assessee in previous years: Kerala HC [Read Judgment]")
![Kerala HC Permits Release of Seized Goods on payment of 50% of demand as per GST Laws [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/09/Seized-Goods-Taxscan.jpg "Kerala HC Permits Release of Seized Goods on payment of 50% of demand as per GST Laws [Read Judgment]")
![Cochin International Airport is Eligible for Income Tax Deduction u/s 80-IA: Kerala HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/09/Cochin-International-Airport.jpg "Cochin International Airport is Eligible for Income Tax Deduction u/s 80-IA: Kerala HC [Read Judgment]")
Interest on Voluntary Contributions Earned by a Trust on Instruction of Donor is Eligible for Exemption: Kerala HC [Read Judgment]
A division bench of the Kerala High Court held that a Trust can claim exemption under section 11(1)(d) of the Income Tax Act, 1961 on interest on voluntary contributions earned by it on instruction of...
![Interest on Voluntary Contributions Earned by a Trust on Instruction of Donor is Eligible for Exemption: Kerala HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/09/Mata-Amrithanandamayi-Math.jpg "Interest on Voluntary Contributions Earned by a Trust on Instruction of Donor is Eligible for Exemption: Kerala HC [Read Judgment]")
Exchange of Old Cars for New Ones by Dealer would not amount to ‘Business Auxiliary Service’: Kerala HC [Read Judgment]
In CCE, Eranakulam v. M/s Sai Service Station Ltd, a division bench of the Kerala High Court held that a dealer engaged in exchanging old cars for new ones is not liable to pay Service Tax for such...
![Exchange of Old Cars for New Ones by Dealer would not amount to ‘Business Auxiliary Service’: Kerala HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/07/Service-Tax-Sai-Service.jpg "Exchange of Old Cars for New Ones by Dealer would not amount to ‘Business Auxiliary Service’: Kerala HC [Read Judgment]")
Building Tax paid without protest cannot be a Ground for Rejecting the Claim for Exemption in a later stage: Kerala HC [Read Judgment]
The Kerala High Court in a recent decision held that the assessee who paid the building tax even without protest can claim exemption in a later stage. The single bench clarified that payment of...
Transportation Charges & Mobilisation Charges separately realized by the Assessee would form part of Sale Price: Kerala HC [Read Judgment]
The Division Bench of the Kerala High Court comprising Justice Antony Dominic and Justice Dama Seshadri Naidu, recently held that the transportation charges and mobilization charges realized by the...
![Transportation Charges & Mobilisation Charges separately realized by the Assessee would form part of Sale Price: Kerala HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Ready-mix-concrete-Tax-Scan.jpg "Transportation Charges & Mobilisation Charges separately realized by the Assessee would form part of Sale Price: Kerala HC [Read Judgment]")