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![Foreign Exchange Loss Allowed as Revenue Expenditure: ITAT Deletes Disallowance Citing Non-Capitalization [Read Order]](https://images.taxscan.in/h-upload/2025/07/30/500x300_2070957-foreign-exchange-loss-revenue-expenditure-itat-deletes-disallowance-citing-non-capitalization-taxscan.webp "Foreign Exchange Loss Allowed as Revenue Expenditure: ITAT Deletes Disallowance Citing Non-Capitalization [Read Order]")
Foreign Exchange Loss Allowed as Revenue Expenditure: ITAT Deletes Disallowance Citing Non-Capitalization [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) deleted the disallowance of foreign exchange loss amounting to Rs. 1,12,449 and ruled...
![Revenue Expenditures on ERP software Capital in nature: ITAT allows to Claim Depreciation [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/ERP-software-Income-Tax-Revenue-expenditures-Capital-ITAT-Depreciation-Revenue-expenditures-taxscan.jpg "Revenue Expenditures on ERP software Capital in nature: ITAT allows to Claim Depreciation [Read Order]")
![Advertising, Marketing and Promotion expenditures incurred are Revenue Expenditures: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Advertising-Marketing-Promotion-expenditures-Revenue-Expenditures-Revenue-Delhi-High-Court-Taxscan.jpg "Advertising, Marketing and Promotion expenditures incurred are Revenue Expenditures: Delhi HC [Read Order]")
![No Review on Original Assessment Order is permissible in the Reassessment proceedings initiated: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/09/original-assessment-reassessment-proceedings-Madras-High-Court-Taxscan.jpg "No Review on Original Assessment Order is permissible in the Reassessment proceedings initiated: Madras HC [Read Judgment]")
![Expenditures on Buy-Back of Shares, Acquisition of Know-How etc. are Revenue Expenditures, Deductible from Taxable Income: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/06/Sale-of-Shares-Tax-Scan.jpg "Expenditures on Buy-Back of Shares, Acquisition of Know-How etc. are Revenue Expenditures, Deductible from Taxable Income: Bombay HC [Read Order]")