![Amount Paid for Higher Education of Directors’ Son not Business Expenditure: Bombay HC denies IT Deduction to Company [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/04/CBDT-Bombay-High-Court-Taxscan.jpg "Amount Paid for Higher Education of Directors’ Son not Business Expenditure: Bombay HC denies IT Deduction to Company [Read Judgment]")
Amount Paid for Higher Education of Directors’ Son not Business Expenditure: Bombay HC denies IT Deduction to Company [Read Judgment]
A division bench of the Bombay High Court recently held that the expenses incurred by a Company towards sending the son of its director to the USAÂ for...
![Consent Fee paid to SEBI for Non-Compliance of Guidelines is Business Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Business-Expenditure-Taxscan.jpg "Consent Fee paid to SEBI for Non-Compliance of Guidelines is Business Expenditure: ITAT [Read Order]")
![Donations and Subscriptions Paid for Pujas and Functions are Business Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Donations-Taxscan.jpg "Donations and Subscriptions Paid for Pujas and Functions are Business Expenditure: ITAT [Read Order]")
![Penalty paid to Stock Exchange is a regular Business Expenditure: ITAT allows Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Business-Income-Taxscan.jpg "Penalty paid to Stock Exchange is a regular Business Expenditure: ITAT allows Deduction [Read Order]")
![Salary Payments to Management Graduates are Business Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/04/Salary-Taxscan.jpg "Salary Payments to Management Graduates are Business Expenditure: ITAT [Read Order]")
![Provisions of Warranty Expenses deductible on Estimate basis: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Warranty-Taxscan.jpg "Provisions of Warranty Expenses deductible on Estimate basis: ITAT [Read Order]")
Deduction available for Expenses incurred to conduct investigation as per SEBI directions as it was to protect Business Interest: ITAT [Read Order]
In the case of HDFC Trustee Company Ltd, Mumbai bench of Income Tax Appellate Tribunal (ITAT) recently held that expenses incurred according to the scheme of trust deed and Securities and Exchange...
![Deduction available for Expenses incurred to conduct investigation as per SEBI directions as it was to protect Business Interest: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/deduction.jpg "Deduction available for Expenses incurred to conduct investigation as per SEBI directions as it was to protect Business Interest: ITAT [Read Order]")
Expenses incurred by Company for Advertising Achievement of its Managing Director is Business Expenditure: ITAT [Read Order]
While hearing the case of M/s MKJ Tradex Ltd, Kolkata bench of Income Tax Appellate Tribunal (ITAT) recently held that advertisement expenses incurred for publishing the achievement of Managing...
Expenses related to the Fundamentals of Business can’t be Disallowed merely because it is not Vouched: ITAT [Read Order]
The ITAT, Lucknow bench in M/s Maheshwari Flour Mills vs. JCIT, has held that expenses related to the fundamentals of the assessee’s business cannot be disallowed merely n ground that they were not...
![Expenses related to the Fundamentals of Business can’t be Disallowed merely because it is not Vouched: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Expenses-Taxscan.jpg "Expenses related to the Fundamentals of Business can’t be Disallowed merely because it is not Vouched: ITAT [Read Order]")
TDS is Payable on Payment of Non-Competent Fee when Assessee treated the same as Business Expenditure: ITAT [Read Order]
The Income Tax Appellate Tribunal Hyderabad bench recently ruled that TDS is payable on payment of Non-Competent Fee when Assessee treated the same as Business Expenditure. The Tribunal bench...
![TDS is Payable on Payment of Non-Competent Fee when Assessee treated the same as Business Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/TDS-Taxscan.jpg "TDS is Payable on Payment of Non-Competent Fee when Assessee treated the same as Business Expenditure: ITAT [Read Order]")
![Interest Paid on Share Application Money is allowable as Business Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/06/Sale-of-Shares-Tax-Scan.jpg "Interest Paid on Share Application Money is allowable as Business Expenditure: ITAT [Read Order]")