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![Retainership Fee Paid to the Advisor cannot be disallowed when the service was availed for Gaining both Taxable and Exempted Income: Kolkata ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Kolkata-TaxScan.jpg "Retainership Fee Paid to the Advisor cannot be disallowed when the service was availed for Gaining both Taxable and Exempted Income: Kolkata ITAT [Read Order]")
Retainership Fee Paid to the Advisor cannot be disallowed when the service was availed for Gaining both Taxable and Exempted Income: Kolkata ITAT [Read Order]
In a recent ruling, the division bench of the Kolkata ITAT ruled that the retainership fee paid to a person for rendering advisory services on...
![Interest on Secured Loans are Deductible under the Income Tax Act: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/01/Interest-on-Secured-Loans-Taxscan.jpg "Interest on Secured Loans are Deductible under the Income Tax Act: ITAT Kolkata [Read Order]")
![Sec 14A r/w Rule 8D of Income Tax Act have No Application when there is No Exempted Income: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Madras-High-Court-Tax-Scan-1.jpg "Sec 14A r/w Rule 8D of Income Tax Act have No Application when there is No Exempted Income: Madras HC [Read Judgment]")
No Expense is Attributable to the Exempted Income as the revenue failed to establish direct nexus between expenses incurred & income earned: Punjab & Haryana HC [Read Judgment]
The first bench of Punjab and Haryana High Court has upheld the ITAT order that, No Expense is Attributable to the Exempted Income as the revenue failed to establish direct nexus between expenses...
![No Expense is Attributable to the Exempted Income as the revenue failed to establish direct nexus between expenses incurred & income earned: Punjab & Haryana HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/09/Punjab-and-Haryana-High-Court-Tax-Scan.jpg "No Expense is Attributable to the Exempted Income as the revenue failed to establish direct nexus between expenses incurred & income earned: Punjab & Haryana HC [Read Judgment]")
Tax exempted income earned through Bank Advertisement cannot attribute expenditure: Delhi HC [Read Order]
On an appeal against the order of the ITAT, the Delhi High Court opined that the question of attributing any expenditure cannot arise if the tax exempted income was earned without the interference of...
![Tax exempted income earned through Bank Advertisement cannot attribute expenditure: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Delhi-High-Court-Tax-Scan.jpg "Tax exempted income earned through Bank Advertisement cannot attribute expenditure: Delhi HC [Read Order]")
Conditions specified in Sec 14(2) of the Income Tax Act is Applicable to AYs Before 2007: ITAT Mumbai [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal, has recently observed that while disallowing interest expenditure under section 14A of the Income Tax Act, 1961, the Assessing Officer shall...
