Chartered Universe
LoginSign Up
Back to Articles
Tax & ComplianceTaxGuru

Income Tax | ₹3 Crore Agreement-Holder Payment Deductible Under Section 48: ITAT Bangalore

24 Sept 2026 · 3d agoBy CA Vijayakumar ShettySource: TaxGuru

ITAT Bangalore allows ₹3 crore paid to an agreement holder for extinguishing specific-performance rights as deduction under section 48. The post ₹3 Crore Agreement-Holder Payment Deductible Under Section 48: ITAT Bangalore appeared first on TaxGuru .

Attribution

Original credit: CA Vijayakumar Shetty. This digest is published with acknowledgment to TaxGuru. For the complete analysis, headnotes, and citations, please refer to the source.

Read on TaxGuru

More Articles

Audit & Standards26 Sept 2026

How Do Accountants Actually Use ChatGPT Without Making Mistakes in Client Work?

I get asked this a lot, so let me answer it properly. Continue reading on Medium »

Medium — Accounting · shmdigi

Audit & Standards26 Sept 2026

5 Bookkeeping Mistakes That Cost UAE Small Businesses Every Year

The small errors that quietly drain cash, trigger penalties, and make tax season painful — and how to fix them. Continue reading on Medium »

Medium — Accounting · Mubashir Rao

Tax & Compliance26 Sept 2026

America, The Chiseling

Romeo Whiskey Tango, continued. Continue reading on Medium »

Medium — Tax & Accounting · Chris Maley

Audit & Standards26 Sept 2026

AI Won’t Replace Accountants. It Will Replace Accountants Who Don’t Use AI.

Every few months, another headline tells accountants their job is over. AI can reconcile accounts. AI can file taxes. AI can audit a… Continue reading on Medium »

Medium — Accounting · Chinwe O.