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![Advance to Subsidiary Company Written Off Due to Non-Repayment shall be Deductible u/s 37(1) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Subsidiary-Company-Written-Off-Non-Repayment-Income-Tax-Act-ITAT-Taxscan.jpg "Advance to Subsidiary Company Written Off Due to Non-Repayment shall be Deductible u/s 37(1) of Income Tax Act: ITAT [Read Order]")
Advance to Subsidiary Company Written Off Due to Non-Repayment shall be Deductible u/s 37(1) of Income Tax Act: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) has held that the advance to the subsidiary company which was written off due to the...
![No Penalty If Income Already Offered to Tax by Different Entity: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Penalty-Income-Tax-by-Different-Entity-ITAT-TAXSCAN.jpg "No Penalty If Income Already Offered to Tax by Different Entity: ITAT [Read Order]")
![Secret Commission paid to Middlemen in Cheque Discounting Business Eligible for 50% Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Commission-Cheque-Discounting-Business-Eligible-Deduction-ITAT-TAXSCAN.jpg "Secret Commission paid to Middlemen in Cheque Discounting Business Eligible for 50% Deduction: ITAT [Read Order]")
![No Disallowance of Entire purchases when Sale of Finished product is Taxed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/No-Disallowance-of-Entire-purchases-Finished-product-is-Taxed-ITAT-TAXSCAN.jpg "No Disallowance of Entire purchases when Sale of Finished product is Taxed: ITAT [Read Order]")
![Assessee claimed Deduction under Wrong Section,Tax Department cant take advantage on the Right of Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Assessee-claimed-Deduction-under-Wrong-Section-Tax-Department-advantage-on-the-Right-of-Assessee-ITAT-TAXSCAN.jpg "Assessee claimed Deduction under Wrong Section,Tax Department cant take advantage on the Right of Assessee: ITAT [Read Order]")
![No Claim of Expenses when amount represents Net Income of Firm: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/No-claim-of-expenses-when-amount-represents-net-income-of-firm-ITAT-TAXSCAN.jpg "No Claim of Expenses when amount represents Net Income of Firm: ITAT [Read Order]")
Payment of Interest made Towards “compromise agreement” pursuant to Court order Allowable u/s 37: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has held that the payment of interest made towards compromise agreement pursuant to court order would be allowable under Section 37 of the...
![Payment of Interest made Towards “compromise agreement” pursuant to Court order Allowable u/s 37: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Payment-of-Interest-compromise-agreement-ITAT-TAXSCAN.jpg "Payment of Interest made Towards “compromise agreement” pursuant to Court order Allowable u/s 37: ITAT [Read Order]")
![Expenditure towards Wage Settlement Deductible in the Year of Actual Payment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Expenditure-Wage-Settlement-Wage-Settlement-Deductible-Actual-Payment-ITAT-Income-Tax-taxscan.jpg "Expenditure towards Wage Settlement Deductible in the Year of Actual Payment: ITAT [Read Order]")