![Remuneration and Share Profits received from Partnership Firm are not eligible for Deduction u/s 80IB: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Remuneration-Share-Profits-Partnership-Firm-Deduction-ITAT-Taxscan.jpg "Remuneration and Share Profits received from Partnership Firm are not eligible for Deduction u/s 80IB: ITAT [Read Order]")
Remuneration and Share Profits received from Partnership Firm are not eligible for Deduction u/s 80IB: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Pune Bench has held that remuneration and share profits received from partnership firms are not eligible for...
![Wrong claim of TDS would not amount to Penalty u/s 271: ITAT quashes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Wrong-claim-TDS-ITAT-penalty-Taxscan.jpeg "Wrong claim of TDS would not amount to Penalty u/s 271: ITAT quashes Penalty [Read Order]")
![Provisions of ‘Deemed Dividend’ would not attract Loans and Advances out of Commercial Consideration and Business Expediency: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Provisions-Deemed-Dividend-Loans-Advances-Commercial-Consideration-Business-Expediency-ITAT-Taxscan.jpg "Provisions of ‘Deemed Dividend’ would not attract Loans and Advances out of Commercial Consideration and Business Expediency: ITAT [Read Order]")
![Non-Cooperation during Remand Proceedings: ITAT imposes Rs. 1000 Cost on Assessee, Directs Fresh Consideration of Matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Non-Cooperation-Remand-Proceedings-ITAT-Cost-Assessee-taxscan.jpg "Non-Cooperation during Remand Proceedings: ITAT imposes Rs. 1000 Cost on Assessee, Directs Fresh Consideration of Matter [Read Order]")
![Partnership Firm not liable to Explain Source of Capital Introduced by Partners: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Partnership-Firm-Source-of-Capital-capital-Partners-ITAT-firm-Taxscan.jpg "Partnership Firm not liable to Explain Source of Capital Introduced by Partners: ITAT [Read Order]")
GST applicable Partner’s Property Rented Out to Partnership Firm for Business Purposes: AAR [Read Order]
The Authority for Advance Rulings (AAR), Chennai bench has held that GST is liable to be paid in respect of the properties rented out to the partnership firm by the partner to carry out the business...
![GST applicable Partner’s Property Rented Out to Partnership Firm for Business Purposes: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/GST-Partners-Property-Rented-Partnership-Firm-Business-Purposes-AAR-TAXSCAN.jpg "GST applicable Partner’s Property Rented Out to Partnership Firm for Business Purposes: AAR [Read Order]")
Gujarat HC refuses to approve Provisional Attachment of Goods, Stock when entire Stock have been pledged, Floating Charge has been created [Read Order]
The Gujarat High court has refused to approve provisional attachment of goods, stock when entire stock have been pledged, floating charge has been created. The writ applicant, Utkarsh Spat LLP is...
![Gujarat HC refuses to approve Provisional Attachment of Goods, Stock when entire Stock have been pledged, Floating Charge has been created [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/02/Gujarat-HC-goods-stock-pledge-floating-charge-TAXSCAN.jpg "Gujarat HC refuses to approve Provisional Attachment of Goods, Stock when entire Stock have been pledged, Floating Charge has been created [Read Order]")
Difference between Assigning Share in Profit in Partnership Firm and Constituting Sub-Partnership: Gujarat HC quashes Provisional Attachment of Land [Read Judgment]
The Gujarat High Court while quashing the provisional attachment of land held that there is a difference Between Assigning Share in Profit in Partnership Firm and Constituting Sub-Partnership. ...
![Difference between Assigning Share in Profit in Partnership Firm and Constituting Sub-Partnership: Gujarat HC quashes Provisional Attachment of Land [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/02/Assigning-Share-In-Profit-Partnership-Firm-Sub-Partnership-Gujarat-HC-land-taxscan.jpg "Difference between Assigning Share in Profit in Partnership Firm and Constituting Sub-Partnership: Gujarat HC quashes Provisional Attachment of Land [Read Judgment]")
Onus lies on assessee to prove the Amount of consideration received from the Purchaser/Partnership Firm: Madras HC [Read Judgment]
The Madras High Court held that the onus lies on the assessee to prove the amount of consideration received from the purchaser or partnership firm. The assessee, S.K.R.Viswanathan is an...
![Onus lies on assessee to prove the Amount of consideration received from the Purchaser/Partnership Firm: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/08/Madras-High-Court-taxscan.jpeg "Onus lies on assessee to prove the Amount of consideration received from the Purchaser/Partnership Firm: Madras HC [Read Judgment]")
![LLP can Form a Partnership Firm with an Individual or Other Persons: Kerala High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/04/LLP-Partnership-Firm-Kerala-High-Court-Taxscan-1.jpg "LLP can Form a Partnership Firm with an Individual or Other Persons: Kerala High Court [Read Judgment]")
Interest on Funds borrowed for Investment as Capital in Partnership Firm is deductible Expenditure: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Bangalore, has ruled that that Interest on funds borrowed for investment as capital in a partnership firm are deductible expenditure. The assessee, Mr....
![Interest on Funds borrowed for Investment as Capital in Partnership Firm is deductible Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Partnership-Firm.jpg "Interest on Funds borrowed for Investment as Capital in Partnership Firm is deductible Expenditure: ITAT [Read Order]")