Weekly DT Digest

Mumbai ITAT allows deduction u/s 37 to a Pharma co. (‘assessee’) in respect of freebies given to doctors

Calcutta HC dismisses Revenue’s appeal, rules that "the cost of getting rid of the encumbrances in any immovable property

SC dismisses Revenue’s SLP challenging Bombay HC order, both on the grounds of delay and merits; During relevant

Mumbai ITAT allows interest deduction u/s 36(1)(iii) to assessee(builder & developer) for loan taken for the purpose of

Delhi HC allows assessees’ writ and directs CBDT to issue an appropriate direction and create a platform by

Visakhapatnam ITAT holds that the payments made by assessee (engaged in the business of transport and other allied

Delhi HC holds ITAT’s approach of setting aside CIT’s revisionary order u/s 263 as ‘faulty’; Notes that CIT

Mumbai ITAT denies deduction u/s. 37 for sales promotion expenditure incurred by assessee (a wholesaler of IMFL and

Kerala HC reverses ITAT order, rules that interest received by assessee (engaged in construction of roads / bridges)

Kerala HC directs ACIT to consider assessee’s claim of deduction u/s 80HHC where the retrospective amendment to Sec.

Pages