![Foreign Travel Expenses to secure Capital Investment cannot be allowed as Business Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Foreign-Travel-Expenses-Capital-Investment-Business-Expenditure-ITAT-taxscan.jpg "Foreign Travel Expenses to secure Capital Investment cannot be allowed as Business Expenditure: ITAT [Read Order]")
Foreign Travel Expenses to secure Capital Investment cannot be allowed as Business Expenditure: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore bench has held that the foreign travel expenses relating to secure the capital investment in the...
![Liquor License obtained in the Name of Benami/Employee is Illegal: ITAT disallows Business Expenditure [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Liquor-License-Benami-Employee-ITAT-Business-Expenditure-taxscan.jpg "Liquor License obtained in the Name of Benami/Employee is Illegal: ITAT disallows Business Expenditure [Read Order]")
![Charges towards Management Support Services are allowable as Business Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/management-support-services-business-expenditure-ITAT.jpg "Charges towards Management Support Services are allowable as Business Expenditure: ITAT [Read Order]")
![Interest paid on Delayed Payment of TDS is Not Business Expenditure: ITAT disallows Income Tax Deduction Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Interest-paid-TDS-Business-Expenditure-ITAT-Income-Tax-Deduction-taxscan.jpeg "Interest paid on Delayed Payment of TDS is Not Business Expenditure: ITAT disallows Income Tax Deduction Claim [Read Order]")
![Eviction Charges paid are allowable as Business Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Eviction-charges-business-expenditure-ITAT-taxscan.jpeg "Eviction Charges paid are allowable as Business Expenditure: ITAT [Read Order]")
Trademark Registration Expenses to sell Products in Foreign Countries allowable as Business Expenditure: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that trademark registration expenses to sell products in foreign countries are allowable as business expenditure. During the...
![Trademark Registration Expenses to sell Products in Foreign Countries allowable as Business Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Trademark-Registration-Expenses-Products-Foreign-Countries-Business-Expenditure-ITAT-taxscan.jpg "Trademark Registration Expenses to sell Products in Foreign Countries allowable as Business Expenditure: ITAT [Read Order]")
Donation to Mosque providing Free Lunch to Employees cannot be allowed as Business Expenditure: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the amount of donation paid to the Mosque providing free lunch to the employees cannot be treated as business expenditure...
![Donation to Mosque providing Free Lunch to Employees cannot be allowed as Business Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Donation-to-Mosque-Free-Lunch-Employees-Business-Expenditure-ITAT-Taxscan.jpeg "Donation to Mosque providing Free Lunch to Employees cannot be allowed as Business Expenditure: ITAT [Read Order]")
Irrecoverable Advances given for Purchase of Land for Real Estate Development Business allowable either as Trading Loss or Business Expenditure: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has held that the advances given for purchase of land in the normal course of business of carrying on real estate development, if not...
![Irrecoverable Advances given for Purchase of Land for Real Estate Development Business allowable either as Trading Loss or Business Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Real-Estate-Development-Business-allowable-Trading-Loss-Business-Expenditure-ITAT-taxscan.jpeg "Irrecoverable Advances given for Purchase of Land for Real Estate Development Business allowable either as Trading Loss or Business Expenditure: ITAT [Read Order]")
![CSR Expenditure shall be allowed as Business Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/CSR-Expenditure-Business-Expenditure-ITAT-taxscan-1.jpg "CSR Expenditure shall be allowed as Business Expenditure: ITAT [Read Order]")
![Signing of JDA is Proof that Assessee started Business: ITAT allows Expenditure Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/10/JDA-Business-ITAT-Expenditure-Claim-Taxscan.jpg "Signing of JDA is Proof that Assessee started Business: ITAT allows Expenditure Claim [Read Order]")
Payment to Federation of Indian Mineral Industries is Deductible Business Expenditure since Business Interest was involved: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore bench has held that the payment made to the federation of Indian Mineral Industries is deductible from the business income since such a payment was...
![Payment to Federation of Indian Mineral Industries is Deductible Business Expenditure since Business Interest was involved: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/08/federation-of-Indian-Mineral-Industries-Deductible-Business-Expenditure-Business-Interest-ITAT-Taxscan.jpg "Payment to Federation of Indian Mineral Industries is Deductible Business Expenditure since Business Interest was involved: ITAT [Read Order]")
Up-Front Fee debited on account of Term Loan for Acquiring Fixed Asset as 'Plant' is an allowable Business Expenditure: ITAT
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that up-front fee debited on account of term loan for acquiring the fixed asset as “Plant” is an allowable business expenditure. The...
