Begin typing your search above and press return to search.
![Loan Amount can’t be Taxed as it is a liability and not Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Loan-liability-income-ITAT-Taxscan-1.jpg "Loan Amount can’t be Taxed as it is a liability and not Income: ITAT [Read Order]")
Loan Amount can’t be Taxed as it is a liability and not Income: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Kolkata Bench ruled that the loan amount cannot be taxed as it is a liability and not income. During the...
![Madras High Court quashes order imposing Tax liability and Penalty under TNVAT against BMW [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/Madras-High-Court-Tax-liability-Penalty-TNVAT-BMW-Taxscan-1.jpg "Madras High Court quashes order imposing Tax liability and Penalty under TNVAT against BMW [Read Order]")
![Delhi HC affirms Assessee not entitled to Claim Deduction until Liability for which Deduction is Claimed has Accrued [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/02/Assessee-Claim-deduction-Taxscan.jpg "Delhi HC affirms Assessee not entitled to Claim Deduction until Liability for which Deduction is Claimed has Accrued [Read Judgment]")