![No Addition of Interest on Restructure of Working Capital Cash Credit Loan: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Interest-Working-Capital-Cash-Credit-Loan-ITAT-taxscan.jpg "No Addition of Interest on Restructure of Working Capital Cash Credit Loan: ITAT [Read Order]")
No Addition of Interest on Restructure of Working Capital Cash Credit Loan: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Kolkata bench has held that no addition of interest on the restructuring of working capital cash credit...
![Non-mentioning of Relevant Limb in Penalty Notice is not a Curable Defect: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Penalty-Notice-Relevant-Limb-ITAT-Taxscan.jpg "Non-mentioning of Relevant Limb in Penalty Notice is not a Curable Defect: ITAT [Read Order]")
![Disallowance under section 14A not to be considered while computing Book Profit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Disallowance-section-14A-Book-Profit-ITAT-Taxscan.jpeg "Disallowance under section 14A not to be considered while computing Book Profit: ITAT [Read Order]")
![A Mistake would not disentitle Assessee from a Lawful Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Mistake-Assessee-Lawful-Expenditure-ITAT-Taxscan.jpg "A Mistake would not disentitle Assessee from a Lawful Expenditure: ITAT [Read Order]")
![Relief to Deloitte: ESI & PF Contributions made after Due Date allowable as Deduction, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/ITAT-Delhi-Deloitte-ESI-PF-Contributions-Deduction-ITAT-taxscan.jpeg "Relief to Deloitte: ESI & PF Contributions made after Due Date allowable as Deduction, rules ITAT [Read Order]")
100% of Expenses incurred by Assessee without incurring the TDS cannot be disallowed rather restricted to the tune of 30%: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has ruled that 100% of the expenses incurred by assessee without incurring the TDS cannot be disallowed, rather restricted to the tune of...
![100% of Expenses incurred by Assessee without incurring the TDS cannot be disallowed rather restricted to the tune of 30%: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/Expenses-Assessee-TDS-ITAT-Expense-Tune-of-30-Taxscan.jpeg "100% of Expenses incurred by Assessee without incurring the TDS cannot be disallowed rather restricted to the tune of 30%: ITAT [Read Order]")
Shares at ‘Face Value’ by Amalgamated Company to Shareholders in pursuance of Scheme of Amalgamation not covered under clause (viib) of Section 56(2): ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench ruled that the Shares at ‘face value’ by the amalgamated company to shareholders in pursuance of scheme of amalgamation not covered under...
![Shares at ‘Face Value’ by Amalgamated Company to Shareholders in pursuance of Scheme of Amalgamation not covered under clause (viib) of Section 56(2): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Shares-Face-Value-Shareholders-Amalgamation-Section-562-ITAT-Taxscan-1.jpeg "Shares at ‘Face Value’ by Amalgamated Company to Shareholders in pursuance of Scheme of Amalgamation not covered under clause (viib) of Section 56(2): ITAT [Read Order]")
![ITAT allows 60% Depreciation on Xerox Machine [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/ITAT-depreciation-on-xerox-machine-Taxscan.jpg "ITAT allows 60% Depreciation on Xerox Machine [Read Order]")
Unusual Price rise/ fall in Shares of Company can’t be a basis to draw an inference that Capital Loss generated is Bogus: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench held that the Unusual price rise/ fall in the shares of a company cannot be a basis to draw an inference that capital loss generated is...
![Unusual Price rise/ fall in Shares of Company can’t be a basis to draw an inference that Capital Loss generated is Bogus: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/Unusual-Price-rise-Shares-of-Company-Capital-Loss-Bogus-Income-Tax-ITAT-Taxscan.jpg "Unusual Price rise/ fall in Shares of Company can’t be a basis to draw an inference that Capital Loss generated is Bogus: ITAT [Read Order]")
Unutilized CENVAT in respect of credit inputs/capital goods purchased can be availed for set off against the liability of Excise Duty: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench held that Unutilized CENVAT in respect of credit inputs or capital goods purchased can be availed for set off against the liability of Excise...
![Unutilized CENVAT in respect of credit inputs/capital goods purchased can be availed for set off against the liability of Excise Duty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/08/ITAT-CENVAT-credit-inputs-capital-goods-Excise-Duty-Taxscan.jpg "Unutilized CENVAT in respect of credit inputs/capital goods purchased can be availed for set off against the liability of Excise Duty: ITAT [Read Order]")
![Loss due to Currency Fluctuation is Capital Loss: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Business-Loss-Taxscan.jpg "Loss due to Currency Fluctuation is Capital Loss: ITAT [Read Order]")
![Letting Out of Property and Furniture for Film Exhibition is a Business Activity: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Film-Exhibition-Business-Income-Leased-Out-Assessee-CESTAT-Taxscan.jpg "Letting Out of Property and Furniture for Film Exhibition is a Business Activity: ITAT [Read Order]")