![Guarantee Fees paid to Govt of Gujarat in consideration of Guarantee issued by it for Repayment of Unsecured loan is Revenue Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Guarantee-Fees-Fees-Repayment-Unsecured-loan-Revenue-Expenditure-ITAT-taxscan.jpg "Guarantee Fees paid to Govt of Gujarat in consideration of Guarantee issued by it for Repayment of Unsecured loan is Revenue Expenditure: ITAT [Read Order]")
Guarantee Fees paid to Govt of Gujarat in consideration of Guarantee issued by it for Repayment of Unsecured loan is Revenue Expenditure: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Ahmedabad bench held that guarantee fees paid to the government of Gujarat in consideration of guarantee...
![Interest paid on Loan for Repayment of earlier loan for Construction of property may be Deductible from House Property Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Interest-paid-Loan-Repayment-loan-Construction-property-Deductible-House-Income-ITAT-TAXSCAN.jpeg "Interest paid on Loan for Repayment of earlier loan for Construction of property may be Deductible from House Property Income: ITAT [Read Order]")
![Non-filing of Affidavit Proving Repayment of Loan: Orissa HC Upholds Addition for “Unsecured Loan” [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Non-filing-of-Affidavit-Repayment-of-Loan-Orissa-HC-Addition-Unsecured-Loan-Taxscan.jpg "Non-filing of Affidavit Proving Repayment of Loan: Orissa HC Upholds Addition for “Unsecured Loan” [Read Order]")
![Repayment of Loan in Cash in excess of Rs.20,000: ITAT upholds Penalty u/s 271E of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Repayment-of-Loan-in-Cash-ITAT-Penalty-Income-Tax-Act-TAXSCAN.jpg "Repayment of Loan in Cash in excess of Rs.20,000: ITAT upholds Penalty u/s 271E of Income Tax Act [Read Order]")
![Capital Gain Exemption u/s 54 Not Available to Repayment of Loan Acquired for Second Property in Different Location: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Capital-Gain-Exemption-Repayment-of-Loan-Second-Property-Different-Location-ITAT-taxscan.jpeg "Capital Gain Exemption u/s 54 Not Available to Repayment of Loan Acquired for Second Property in Different Location: ITAT [Read Order]")
Repayment of Loan taken for Construction of Building by Assessee Society considered as Income If for Charitable Purposes: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chandigarh bench consisting of N.K. Saini, Vice President, and Sudhanshu Srivastava, Judicial Member held that repayment of loan taken for construction of...
![Repayment of Loan taken for Construction of Building by Assessee Society considered as Income If for Charitable Purposes: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Repayment-construction-of-building-assessee-income-charitable-purposes-ITAT-Taxscan.jpg "Repayment of Loan taken for Construction of Building by Assessee Society considered as Income If for Charitable Purposes: ITAT [Read Order]")
Cash Transactions of Accepting Loans and Repayments due to 'Pressing Requirements': ITAT deletes Penalty for Establishing 'Reasonable Cause' [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) has held that penalty under sections 271D and 271E of the Income Tax Act, 1961 is not leviable when cash transactions of accepting loans and...
![Cash Transactions of Accepting Loans and Repayments due to Pressing Requirements: ITAT deletes Penalty for Establishing Reasonable Cause [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Cash-Transactions-Loans-Repayments-Pressing-Requirements-ITAT-Penalty-Reasonable-Cause-Taxscan.jpeg "Cash Transactions of Accepting Loans and Repayments due to Pressing Requirements: ITAT deletes Penalty for Establishing Reasonable Cause [Read Order]")
Repayment of Loan shall be allowed as Application of Income If the Cost of Assets purchased out of Loan was not allowed, Rules ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore bench, while allowing an appeal filed by Dr. Chandrashekar Foundation, held that if the cost of assets acquired out of loan funds have already been...
![Repayment of Loan shall be allowed as Application of Income If the Cost of Assets purchased out of Loan was not allowed, Rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/11/Repayment-of-Loan-Application-of-Income-Cost-of-Assets-Loan-ITAT-Taxscan.jpg "Repayment of Loan shall be allowed as Application of Income If the Cost of Assets purchased out of Loan was not allowed, Rules ITAT [Read Order]")