![No Deduction can be claimed if Bad Debt not written off: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/12/Deduction-Bad-Debt-Madras-High-Court-Taxscan.jpg "No Deduction can be claimed if Bad Debt not written off: Madras High Court [Read Judgment]")
No Deduction can be claimed if Bad Debt not written off: Madras High Court [Read Judgment]
The Madras High Court held that the deduction cannot be claimed on the bad debt which was not written off as required by law as per the provisions of...
![GST: Notional Interest on Security Deposit, Property Tax forms part of ‘Rental Income’, if it influences the Value of Supply, rules AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/GST-Notional-Interest-security-deposit-property-tax-AAR-Taxscan.jpg "GST: Notional Interest on Security Deposit, Property Tax forms part of ‘Rental Income’, if it influences the Value of Supply, rules AAR [Read Order]")
![Physical Verification At Exporter’s Premises Not Mandatory for Customs Brokers, Verification via Reliable Documents is Sufficient: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Customs-Brokers-Physical-Verification-At-Exporters-Premises-CESTAT-taxscan.jpeg "Physical Verification At Exporter’s Premises Not Mandatory for Customs Brokers, Verification via Reliable Documents is Sufficient: CESTAT [Read Order]")
![No GST on Amount of Creditors Balance Unclaimed/Untraceable, Written Off by Crediting P&L Account: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/GST-Creditors-Balance-Unclaimed-Written-Off-Profit-and-Loss-Account-AAR-taxscan.jpg "No GST on Amount of Creditors Balance Unclaimed/Untraceable, Written Off by Crediting P&L Account: AAR [Read Order]")
Delhi HC Upholds Addition since Security Deposit Received in absence of Contractual Clauses to Exercise Control, used as a Camouflage to Postpone Tax Liability [Read Judgment]
The Delhi High Court in the case of Commissioner of Income Tax v. M/s. Ansal Properties and Industries has upheld an addition made by the Revenue by finding that a security deposit where there was no...
![Delhi HC Upholds Addition since Security Deposit Received in absence of Contractual Clauses to Exercise Control, used as a Camouflage to Postpone Tax Liability [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/09/Security-Deposit-Delhi-High-Court-Taxscan.jpg "Delhi HC Upholds Addition since Security Deposit Received in absence of Contractual Clauses to Exercise Control, used as a Camouflage to Postpone Tax Liability [Read Judgment]")
Loss of Security Deposit towards Rented Premises Deductible as Business Loss: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) Delhi bench held that the loss of the amount of security deposit paid to landlord towards rented premises is deductible as ‘ Business Loss ’ under the Income...
![Loss of Security Deposit towards Rented Premises Deductible as Business Loss: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Business-Loss-Taxscan.jpg "Loss of Security Deposit towards Rented Premises Deductible as Business Loss: ITAT [Read Order]")
No Deduction on Interest Income received from Bank on FDRs Pledged as Security Deposit: ITAT [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) while dismissing the appeal preferred by the assessee ordered that the assessee shall not be entitled to deduction on Interest Income...
![No Deduction on Interest Income received from Bank on FDRs Pledged as Security Deposit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/06/Interest-Income-Taxscan.jpg "No Deduction on Interest Income received from Bank on FDRs Pledged as Security Deposit: ITAT [Read Order]")
Interest on Security Deposit made for Sales Tax Registration is Taxable as ‘Other Income’ : ITAT [Read Order]
While partly allowing the appeal filed by Jhabua Power Limited, Kolkata bench of Income Tax Appellate Tribunal (ITAT) recently ruled that interest on security deposit made for sales tax registration...
![Interest on Security Deposit made for Sales Tax Registration is Taxable as ‘Other Income’ : ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Security-Deposit-ITAT-Taxscan.jpg "Interest on Security Deposit made for Sales Tax Registration is Taxable as ‘Other Income’ : ITAT [Read Order]")