Judgement

ITAT allows Rs 1.48 crore interest paid to a developer as part of property acquisition cost while remanding the Section 54 deduction claim for fresh verification.

Rs 1.48 Crore Interest on Delayed Property Payments Qualifies as Cost of Acquisition: ITAT Delhi

The ITAT Pune holds that interest and dividend from co-operative society investments can qualify for deduction under Section 80P(2)(d).


ITAT Holds Interest Income from Co-operative Bank Investments Eligible for Deduction Under Section 80P(2)(d)

News

HCL Infosystems secures major tax relief as CESTAT cancels the Rs 22.85-crore tax demand, along with interest and penalty.

HCL Infosystems Gets Major Tax Relief as CESTAT Cancels Rs 22.85-Crore Demand

HC grants relief in GST registration cancellation case, directing authorities to consider restoration after filing pending returns and paying tax, interest and late fees.

High Court Permits Restoration of Cancelled GST Registration on Filing Pending Returns and Paying Outstanding Dues

The ITAT Delhi holds that expenditure not claimed in the Profit & Loss Account cannot be disallowed due to delayed deduction of TDS.



ITAT Rules No Disallowance Under Section 40(a)(ia) if Interest Expense is Capitalised as Work-in-Progress 

The ITAT Bangalore Sets Aside Assessment and First Appellate Orders in Interest of Justice



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Rs 1.48 Crore Interest on Delayed Property Payments Qualifies as Cost of Acquisition: ITAT Delhi

ITAT Holds Interest Income from Co-operative Bank Investments Eligible for Deduction Under Section 80P(2)(d)

HCL Infosystems Gets Major Tax Relief as CESTAT Cancels Rs 22.85-Crore Demand

High Court Permits Restoration of Cancelled GST Registration on Filing Pending Returns and Paying Outstanding Dues

ITAT Rules No Disallowance Under Section 40(a)(ia) if Interest Expense is Capitalised as Work-in-Progress

ITAT Remands Addition on Partners' Capital and Unsecured Loans After Accepting Genuine Cause for Non-Appearance