News Muncher - searching for allowable

1 week, 6 days ago

Letters to the Editor: I was a small landlord who gave up on L.A. because of draconian rent rules

LA Times

To the editor: After reading your editorial on a new rent-control proposal in the city of Los Angeles, I remain convinced that the City Council, the mayor and the Housing Department do not get it. These draconian rent control policies are forcing out landlords who want to do the right thing by their tenants and can no longer afford to …

Landlord Los Angeles Rent Landlords

2 weeks, 2 days ago

Editorial: Los Angeles can find a fairer way to raise the rent

LA Times

The Los Angeles City Council is considering changing the way it sets annual allowable increases for rent-controlled properties for the first time in nearly 40 years. The city ordinance sets an allowable annual increase in rents between a guaranteed minimum of 3% and a maximum of 8% based on the consumer price index, which measures inflation. If allowable rent increases …

Housing Inflation Tenants City Price Los Angeles Increase

2 weeks, 6 days ago

Tax Monthly Digest: November 2024

Live Law

SUPREME COURT DRI Officers Can Issue Show-Cause Notices Under Customs Act : Supreme Court Allows Review Against 'Canon India' Judgment Case Details : COMMISSIONER OF CUSTOMS vs. M/S CANON INDIA PRIVATE LIMITED Case no. A division bench of Justices Vibhu Bakhru and Swarana Kanta Sharma ruled, “Assessee's contention that E4e Healthcare is functionally dissimilar to the assessee and therefore, could …

Delhi Supreme Court Writ Petition Writ Jurisdiction Tax Court Uttar Pradesh

1 month ago

Income Tax Return Is Different From Average Annual Financial Turnover Document: Gauhati High Court Explains

Live Law

The Gauhati High Court has held that the words “Turnover” and “Income Tax Return” are different and exemption to a bidder from submitting the former in a tender process would not exempt it from furnishing the ITR, for the prescribed years. An Income Tax Return serves to comply with tax obligations and inform the government about the taxpayer's financial status, …

Financial Court Income Tax Annual Msme Itr Return

1 month ago

Tax Weekly Round-Up: November 11 To November 17, 2024

Live Law

HIGH COURTS Allahabad HC 1. : ITA 1092/2018 The Delhi High Court has held that in order to invoke Section 263 of the Income Tax Act, 1961, the Principal Commissioner must satisfy “twin conditions”, i.e. Assessing Authority Can't Reassess Prior Years Without Inquiry While Determining Relevant Year's Assessment: Kerala High Court Case Title: Kings Infra Ventures Ltd. v. The Assistant …

Delhi Court Customs Income Tax Title Income Tax Act Kerala High Court

1 month, 1 week ago

Expenses Incurred For Payment Of Foreclosure Premium Of Loan Is Allowable As Business Expenditure U/S 37(1): Madras High Court

Live Law

The Madras High Court recently ruled that the expenditure incurred for payment of foreclosure premium for restructuring loan and obtaining fresh loan at a lower rate of interest is allowable as business expenditure u/s 37 of the Income Tax Act. Such ruling came while dealing with a case where scrutiny proceedings were initiated, leading in revisional assessment u/s 263, based …

Business Court Payment Premium Bench Cit Foreclosure Premium

1 month, 1 week ago

Hotel Replacing Damaged Furniture, Carpets Is Current Expenditure Allowable U/S 37 Income Tax Act: Telangana HC

Live Law

The Telangana High Court has held that the expenditure incurred by a hotel on replacement of damaged items is a current expenditure, allowable under Section 37 of the Income Tax Act, 1961. The replacement of existing damaged carpets, mattresses and lamp shades does not come under the capital in nature but it comes only under current expenditure…allowable under Section 37 …

High Court Tax Court Income Tax Income Tax Act Income Capital

1 month, 1 week ago

Hotel Replacing Damaged Furniture, Carpets Is Current Expenditure Allowable U/S 37 Income Tax Act: Telangana HC

Live Law

The Telangana High Court has held that the expenditure incurred by a hotel on replacement of damaged items is a current expenditure, allowable under Section 37 of the Income Tax Act, 1961. The replacement of existing damaged carpets, mattresses and lamp shades does not come under the capital in nature but it comes only under current expenditure…allowable under Section 37 …

High Court Court Income Tax Income Tax Act Capital Hotel Damaged

2 months ago

Australia to toughen rules on forever chemicals in tap water

The Independent

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Australia may soon tighten regulations on allowable levels of “forever chemicals” in drinking water, with …

Health Australia Water Guidelines Drinking Limits Drinking Water

3 months ago

EPA slaps manufacturer of car exhaust cheat devices with $2.9-million fine

LA Times

The maker of a popular line of vehicle tuning gadgets and software has agreed to pay the U.S. Environmental Protection Agency $2.9 million after the regulator accused the company of selling performance-boosting equipment that enabled customers to bypass air pollution laws. Since 2015, the company has sold 90,000 illicit products, including exhaust systems that enabled vehicles to bypass pollution-stripping catalytic …

Pollution Products Software Engine Company Devices Cobb

3 months, 2 weeks ago

A utility investigated but didn't find a gas leak before a fatal Maryland house explosion

The Independent

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors …

Safety Gas Report Electric Maryland Ntsb Ntsb Investigators

4 months ago

Income Tax Deduction Allowable To Interest Income 'Attributable' To Cottage Industry Business: ITAT

Live Law

The Chennai bench of Income Tax Appellate Tribunal has held that the income tax deduction allowable to interest income 'attributable' to cottage industry business.The bench of S.S. Viswanethra Ravi and S. R. Raghunatha has observed that the assessee is a 'cottage industry' and the interest income earned by the assessee is in its regular course of. The Chennai bench of …

Society Tamil Nadu Industry Tax Bank Interest Interest Income

4 months, 1 week ago

Trucking company owner pleads guilty to charges related to crash that killed 7 bikers

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

New Hampshire Crash Federal Investigators Zhukovskyy Gasanov

4 months, 1 week ago

Trucking company owner pleads guilty to charges related to crash that killed 7 bikers

Associated Press

BOSTON — An owner of a now defunct trucking company agreed to plead guilty Tuesday to federal charges related to a deadly crash in New Hampshire that killed seven motorcyclists. The car transport company he owned, Westfield Transport, Inc., employed Volodymyr Zhukovskyy, a commercial trucker driver who was involved in 2019 crash that left seven motorcyclists dead in northern New …

New Hampshire Crash Federal Investigators Zhukovskyy Gasanov

4 months, 2 weeks ago

Heavy metals found in dark chocolate. Is it a cause of concern?

Firstpost

A new study, published on Wednesday in Frontiers in Nutrition, has found that dozens of popular chocolates from both the US and Europe contain levels of heavy metals such as lead and cadmium. “But just because they’re naturally occurring doesn’t mean they’re safe.” Danielle Fugere, president and chief counsel at As You Sow explained to Lead, however, can be introduced …

Health Dark Metals Chocolate Dark Chocolate Study Heavy

6 months, 1 week ago

Income Tax Deduction Allowable On Expenditure Incurred On Warranty Claim: ITAT

Live Law

The Delhi Bench of Income Tax Appellate Tribunal has held that the income tax deduction is allowable on expenditures incurred on warranty claims.The bench of Kul Bharat and M. Balaganesh has relied on the decision of the Supreme Court in the case of Rotork Controls India Ltd., in which it was held that if the facts establish or show that. …

Tax Income Period Claim Warranty Provision Itat

6 months, 1 week ago

Iceland issues license for 128 fin whales to be hunted this year

Associated Press

LONDON — Iceland’s government said Tuesday that it has issued a license to the North Atlantic nation’s last fin whaling company to hunt and kill 128 fin whales this year. The quota was half that of 2023, when the Icelandic government allowed for the hunting of 264 fin whales, according to the nonprofit organization International Fund for Animal Welfare. Iceland’s …

Japan Whaling Iceland Whale Whales Fin Fin Whales

6 months, 1 week ago

Iceland issues license for 128 fin whales to be hunted this year

LA Times

A fin whale is seen stranded, possibly stuck on its belly, in a shallow fjord on the western coast at Vejle, Denmark, on June 16, 2010. Iceland’s government said Tuesday that it has issued a license to the North Atlantic nation’s last fin whaling company to hunt and kill 128 fin whales this year. Iceland’s government said in a statement …

Japan Hunting Whaling Hunt Iceland Whale Whales

6 months, 1 week ago

Unsettled Claims As Well As IBNR Would Amount To Contingent Liabilities; Section 37 Deduction Allowable: Delhi High Court

Live Law

The Delhi High Court has held that the deduction under Section 37 of the Income Tax Act is allowable on unsettled claims as well as Incurred But Not Reported, which would amount to contingent liabilities.The bench of Justice Yashwant Varma and Justice Purushaindra Kumar Kaurav has observed that if the historical trend indicates that a large number of sophisticated goods …

Tax Delhi High Court Income Claims Tribunal Act Provision

6 months, 2 weeks ago

Direct Tax Cases Weekly Round-Up: 02 To 08 June 2024

Live Law

Delhi High Court Once Issue Of Arm's Length Remuneration Settled By TPO, Question Of Ascertaining Existence Of PE Is Academic; Delhi High Court Quashes Reassessment Proceedings Case Title: Progress Rail Locomotive Inc. Exemption Allowable On Donations Made By One Charitable Trust To Other Charitable Institutions For Temporary Period: Delhi High Court Case Title: Commissioner Of Income Tax Versus M/S Jamnalal …

Tax Customs Income Tax Title Delhi High Court Income Tribunal

6 months, 2 weeks ago

Exemption Allowable On Donations Made By One Charitable Trust To Other Charitable Institutions For Temporary Period: Delhi High Court

Live Law

The Delhi High Court has held that exemption is allowable on donations made by one charitable trust to other charitable institutions for a temporary period.The bench of Justice Yashwant Varma and Justice Purushaindra Kumar Kaurav has observed that Section 11 of the Income Tax Act and the adverse consequences would have been attracted provided the incomes so accumulated were diverted …

Trust Court Income Tax Delhi High Court Income Tribunal Set

6 months, 2 weeks ago

Section 80G Deduction Allowable On CSR Expenditure: ITAT

Live Law

The Mumbai Bench of Income Tax Appellate Tribunal has held that the deduction under Section 80G of the Income Tax Act is allowable on the expenditure in respect of corporate social responsibility.The bench of Kavitha Rajagopal and Om Prakash Kant has observed that the amendment brought about by the Finance Act, 2015, to Section 80G of the. The Mumbai Bench …

Tax Income Act Deduction Itat Assessee Section 80

7 months ago

Vikings seek new deal with Justin Jefferson; star WR absent so far from workouts, AP source says

Associated Press

MINNEAPOLIS — The Minnesota Vikings have one major piece of roster management remaining on their agenda before the regular season: signing superstar wide receiver Justin Jefferson to a contract extension. Without a new deal in place, Jefferson was absent on Monday when the Vikings held their first of 10 allowable organized team activities, according to a person with knowledge of …

Jefferson Nfl Justin Vikings New Deal

7 months, 2 weeks ago

Japan proposes expanding commercial whaling to fin whales, a larger species than the 3 allowed now

Associated Press

TOKYO — Japan’s Fisheries Agency has proposed expanding commercial whaling along the country’s coast to fin whales, a larger species than the three currently permitted. Chief Cabinet Secretary Yoshimasa Hayashi, whose electoral district is traditionally known for whaling, said Thursday the government supports sustainable use of whales as part of Japan’s traditional food culture and plans to promote the industry. …

Japan Commercial Whaling Japanese Agency Whale Whales

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Search results for allowable

Letters to the Editor: I was a small landlord who gave up on L.A. because of draconian rent rules

Editorial: Los Angeles can find a fairer way to raise the rent

Tax Monthly Digest: November 2024

Income Tax Return Is Different From Average Annual Financial Turnover Document: Gauhati High Court Explains

Tax Weekly Round-Up: November 11 To November 17, 2024

Expenses Incurred For Payment Of Foreclosure Premium Of Loan Is Allowable As Business Expenditure U/S 37(1): Madras High Court

Hotel Replacing Damaged Furniture, Carpets Is Current Expenditure Allowable U/S 37 Income Tax Act: Telangana HC

Hotel Replacing Damaged Furniture, Carpets Is Current Expenditure Allowable U/S 37 Income Tax Act: Telangana HC

Australia to toughen rules on forever chemicals in tap water

EPA slaps manufacturer of car exhaust cheat devices with $2.9-million fine

A utility investigated but didn't find a gas leak before a fatal Maryland house explosion

Income Tax Deduction Allowable To Interest Income 'Attributable' To Cottage Industry Business: ITAT

Trucking company owner pleads guilty to charges related to crash that killed 7 bikers

Trucking company owner pleads guilty to charges related to crash that killed 7 bikers

Heavy metals found in dark chocolate. Is it a cause of concern?

Income Tax Deduction Allowable On Expenditure Incurred On Warranty Claim: ITAT

Iceland issues license for 128 fin whales to be hunted this year

Iceland issues license for 128 fin whales to be hunted this year

Unsettled Claims As Well As IBNR Would Amount To Contingent Liabilities; Section 37 Deduction Allowable: Delhi High Court

Direct Tax Cases Weekly Round-Up: 02 To 08 June 2024

Exemption Allowable On Donations Made By One Charitable Trust To Other Charitable Institutions For Temporary Period: Delhi High Court

Section 80G Deduction Allowable On CSR Expenditure: ITAT

Vikings seek new deal with Justin Jefferson; star WR absent so far from workouts, AP source says

Japan proposes expanding commercial whaling to fin whales, a larger species than the 3 allowed now