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![Director being not Beneficiary cannot be Assignee under Keyman Insurance Policy:Â ITAT allows Deduction u/s 57 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Director-Beneficiary-Assignee-Keyman-Insurance-Policy-ITAT-Deduction-Income-Tax-Act.jpg "Director being not Beneficiary cannot be Assignee under Keyman Insurance Policy:Â ITAT allows Deduction u/s 57 of Income Tax Act [Read Order]")
Director being not Beneficiary cannot be Assignee under Keyman Insurance Policy:Â ITAT allows Deduction u/s 57 of Income Tax Act [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has allowed the deduction under Section 57 of the Income Tax Act 1961 as the director being...
![Co-operative Societies Eligible for Deduction u/s 80P(2)(d) of IT Act on Interest & Dividend received from Co-operative Banks and Societies: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Co-operative-Societies-Deduction-IT-Act-Interest-Dividend-Co-operative-Banks-Societies-ITAT-TAXSCAN.jpg "Co-operative Societies Eligible for Deduction u/s 80P(2)(d) of IT Act on Interest & Dividend received from Co-operative Banks and Societies: ITAT [Read Order]")
![ITAT upholds disallowance made on Interest Expenses incurred for taking Loans for making Investment in Shares [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-upholds-disallowance-made-on-Interest-Expenses-incurred-for-taking-Loans-ITAT-upholds-disallowance-ITAT-Interest-Expenses-incurred-for-taking-Loans-Taxscan.jpg "ITAT upholds disallowance made on Interest Expenses incurred for taking Loans for making Investment in Shares [Read Order]")
![Disallowances cant be made u/s 14A of Income Tax Act Earnings from Exempt Income: ITAT deleted the Addition made in Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Disallowances-Income-Tax-Act-Earnings-from-Exempt-Income-ITAT-deleted-the-Addition-made-in-Income-TAXSCAN.jpg "Disallowances cant be made u/s 14A of Income Tax Act Earnings from Exempt Income: ITAT deleted the Addition made in Income [Read Order]")
![Interest Expenses incurred for earning Income from Loans and Advances shall not be Disallowed u/s 57 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Interest-Expenses-Income-from-Loans-Income-Loans-Loans-and-Advances-Disallowed-Income-Tax-Act-ITAT-Income-Tax-taxscan.jpg "Interest Expenses incurred for earning Income from Loans and Advances shall not be Disallowed u/s 57 of Income Tax Act: ITAT [Read Order]")
![Interest received from FDR Taxable as ‘Other Income’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/FDR-Interest-Interest-received-from-FDR-Income-ITAT-taxscan.jpg "Interest received from FDR Taxable as ‘Other Income’: ITAT [Read Order]")
Deduction of Expenditure u/s 57(iii) can be for Negative or Positive Income: ITAT quashes Order of CIT(A) [Read Order]
The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) has held that the deduction of expenditure u/s 57(iii) of the Income Tax Act,1961 can be for negative or positive income. Sh....
![Deduction of Expenditure u/s 57(iii) can be for Negative or Positive Income: ITAT quashes Order of CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Deduction-Expenditure-Income-ITAT-taxscan.jpg "Deduction of Expenditure u/s 57(iii) can be for Negative or Positive Income: ITAT quashes Order of CIT(A) [Read Order]")
Interest Expenses on Advances received under Sub-Lease Agreement is not Allowable when there is Defect in Title: ITAT [Read Order]
The Bengaluru ITAT, on Wednesday, confirmed the disallowance of interest expenses claimed on advances received under sub-Lease agreement since there was a defect in the title of the assessee on the...
![Interest Expenses on Advances received under Sub-Lease Agreement is not Allowable when there is Defect in Title: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/05/Interest-Taxscan.jpg "Interest Expenses on Advances received under Sub-Lease Agreement is not Allowable when there is Defect in Title: ITAT [Read Order]")