![Depository Charges should not be Disallowed u/s 14A r.w.r. 8D(2)(i) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Depository-Charges-Depository-Income-Tax-Act-Income-Tax-Tax-income-tax-news-taxscan.jpg "Depository Charges should not be Disallowed u/s 14A r.w.r. 8D(2)(i) of Income Tax Act: ITAT [Read Order]")
Depository Charges should not be Disallowed u/s 14A r.w.r. 8D(2)(i) of Income Tax Act: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the depositary charges should not be disallowed under section 14A read with...
![ITAT quashes Addition by AO towards Business Loss on ground of Absence of Speculation Loss of Share Capital Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/ITAT-Addition-AO-Business-Loss-Speculation-Loss-Share-Capital-taxscan.jpg "ITAT quashes Addition by AO towards Business Loss on ground of Absence of Speculation Loss of Share Capital Income [Read Order]")
![Determination of ALP of Professional Fee should not be carried out by AO in a case where reference is not made to TPO: ITAT Deletes Addition towards transfer pricing adjustment [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Determination-of-ALP-Professional-Fee-AO-TPO-ITAT-Addition-transfer-pricing-adjustment-taxscan.jpg "Determination of ALP of Professional Fee should not be carried out by AO in a case where reference is not made to TPO: ITAT Deletes Addition towards transfer pricing adjustment [Read Order]")
![Finance cost should be Allowed as a Deduction u/s 36(1)(iii) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Finance-cost-Deduction-Income-Tax-Act-ITAT-income-tax-news-tax-news-taxscan.jpg "Finance cost should be Allowed as a Deduction u/s 36(1)(iii) of Income Tax Act: ITAT [Read Order]")
![Commission charged by AO considering Market Trend in Providing Accommodation Entries, not on Ad-Hoc basis: ITAT confirms Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Commission-charged-considering-Market-Trend-Providing-Accommodation-Entries-ITAT-Confirms-Addition-Ad-Hoc-basis-ITAT-News-Income-Tax-News-Tax-News-TAXSCAN.jpg "Commission charged by AO considering Market Trend in Providing Accommodation Entries, not on Ad-Hoc basis: ITAT confirms Addition [Read Order]")
![Disallowance/Addition of loss Cannot be raised when not claimed in Computation of Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Disallowance-Addition-of-loss-Computation-of-Income-ITAT-Income-Tax-Appellate-Tribunal-taxscan.jpg "Disallowance/Addition of loss Cannot be raised when not claimed in Computation of Income: ITAT [Read Order]")
ESOP Expenditure Incurred towards Raising Share Capital is Allowable as Revenue Expenditure: ITAT [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has held that the Employees Stock Ownership Plan (ESOP) expenditure incurred towards raising of share capital was allowable as revenue...
![ESOP Expenditure Incurred towards Raising Share Capital is Allowable as Revenue Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/ESOP-ESOP-Expenditure-Share-Capital-Capital-ESOP-Expenditure-Incurred-towards-Raising-Share-Capital-Revenue-Revenue-Expenditure-ITAT-taxscan.jpg "ESOP Expenditure Incurred towards Raising Share Capital is Allowable as Revenue Expenditure: ITAT [Read Order]")
Listed shares and Securities treated as Stock-in-Trade by Assessee is to be Treated as Business Income regardless of Period of Holding: ITAT [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has held that listed shares and securities which had been treated as stock in trade by assessee should be treated as business income...
![Listed shares and Securities treated as Stock-in-Trade by Assessee is to be Treated as Business Income regardless of Period of Holding: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Listed-shares-and-Securities-treated-as-Stock-in-Trade-by-Assessee-is-to-be-Treated-Business-Income-regardless-of-Period-of-Holding-ITAT-TAXSCAN.jpg "Listed shares and Securities treated as Stock-in-Trade by Assessee is to be Treated as Business Income regardless of Period of Holding: ITAT [Read Order]")
NFRA Imposes 1 Lakh Fine on CA for Failure in Maintaining Standard Quality in Verifying Financial Statements [Read Order]
The National Financial Reporting Authority (NFRA) imposed a 1 Lakh fine on Chartered Accountants (CA) for failure in maintaining Standard Quality in verifying financial statements. CA Riya Agarwal...
![No Evidence of Offence under PMLA: Delhi HC grants bail to Sanjay Pandey [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Offence-PMLA-Delhi-HC-bail-Sanjay-Pandey-taxscan.jpg "No Evidence of Offence under PMLA: Delhi HC grants bail to Sanjay Pandey [Read Order]")
Addition made on Undisclosed Income sustained in the Absence of Contrary Evidence: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) comprising Shri Waseem Ahmed, accountant member and Shri Siddhartha Nautiyal, Judicial member has held that addition made on undisclosed...
![Addition made on Undisclosed Income sustained in the Absence of Contrary Evidence: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/undisclosed-income-contrary-evidence-ITAT-Taxscan.jpg "Addition made on Undisclosed Income sustained in the Absence of Contrary Evidence: ITAT [Read Order]")