![Donations and Subscriptions Paid for Pujas and Functions are Business Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Donations-Taxscan.jpg "Donations and Subscriptions Paid for Pujas and Functions are Business Expenditure: ITAT [Read Order]")
Donations and Subscriptions Paid for Pujas and Functions are Business Expenditure: ITAT [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ), in Power Maxx India Pvt.Ltd v.DCIT held that donations and subscriptions paid for pujas...
![ITAT confirms Assessment against District Judges as there is No Provision in IT Rules Exempting Medical, Conveyance and Sumptuary Allowances [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Medical-Allowance-Taxscan.jpg "ITAT confirms Assessment against District Judges as there is No Provision in IT Rules Exempting Medical, Conveyance and Sumptuary Allowances [Read Order]")
![Assessment can’t be made against a Struck-Off Company: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Assessment-Taxscan.jpg "Assessment can’t be made against a Struck-Off Company: ITAT [Read Order]")
![Patna HC dismisses Plea seeking TDS Refund since the matter is pending scrutiny before Competent Officer [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/03/TDS-Refund-Patna-High-Court-Taxscan.jpg "Patna HC dismisses Plea seeking TDS Refund since the matter is pending scrutiny before Competent Officer [Read Judgment]")
![UPS can be considered as Computer If it is Connected to ATM Machine or a Computer: ITAT allows 60% Depreciation [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/UPS-Taxscan.jpg "UPS can be considered as Computer If it is Connected to ATM Machine or a Computer: ITAT allows 60% Depreciation [Read Order]")
No Deduction of Accrued Interest on Bad Debts / NPAs since Assessee is not a Scheduled Bank and had not recognized any Income as per RBI Guidelines [Read Order]
The Ahmedabad bench of ITAT in the case of Dy. Commissioner of Income-Tax vs The Saurashtra Co-op Bank Ltd, held that deduction of accrued interest on bad debts and doubtful debts / NPAs can be...
![No Deduction of Accrued Interest on Bad Debts / NPAs since Assessee is not a Scheduled Bank and had not recognized any Income as per RBI Guidelines [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/01/Bad-Debt-Taxscan.jpg "No Deduction of Accrued Interest on Bad Debts / NPAs since Assessee is not a Scheduled Bank and had not recognized any Income as per RBI Guidelines [Read Order]")
![Madras HC quashes IT Assessment against Former Environment Minister Jayanthi Natarajan [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/Jayanti-Natarajan.jpg "Madras HC quashes IT Assessment against Former Environment Minister Jayanthi Natarajan [Read Order]")
Income Tax Officer (exemptions) cannot Complete Assessment against a Trust who do not avail any IT Exemptions: Patna HC
In a recent decision, the Patna High Court observed that the Income Tax Officer (Exemption) has no jurisdiction to complete assessment against a Trust who do not avail any tax exemptions under...
Assessee is free to extend credit facility to any concern; AO cannot compel them for conducting the Business: ITAT Ahmedabad [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal, in recent ruling opined that the assessee is free to choose the concerns to which it wants to extend the credit facility. The Assessing...
“Once an International Transaction is found to be at an Arm’s Length by TPO, No disallowance can be made from the same”; ITAT Delhi [Read Order]
The delhi bench of Income Tax Appellate Tribunal, in a recent ruling opined that once an international transaction is found to be at an arm’s length, no disallowance can be made from the same. The...
