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Interest paid on Borrowed Funds utilized for Acquiring Machinery for Business allowable as Deduction: ITAT
Income Tax Appellate Tribunal (ITAT), Raipur bench consisting of Ravish Sood, Judicial Member and Jamlappa D Battull, Accountant Member held that...
![Loss out of Non-Speculative Transactions can be set off under the Head of Regular Business: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Loss-Non-speculative-Transactions-Regular-Busines-ITAT-taxscan.jpeg "Loss out of Non-Speculative Transactions can be set off under the Head of Regular Business: 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]](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]")
![No TDS since Routine Business Support Services can’t be treated as Fee for Technical Services: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/TDS-Business-Services-Fee-Technical-Services-ITAT-taxscan.jpg "No TDS since Routine Business Support Services can’t be treated as Fee for Technical Services: ITAT [Read Order]")
Royalty Expenditure for Use of Technical Know-How can be treated as Revenue Expenditure: ITAT [Read Order]
The ITAT, Delhi bench has held that the royalty expenditure for the use of know-how can be treated as revenue expenditure for the purpose of the Income Tax Act, 1961. Before the Tribunal, the...
![Royalty Expenditure for Use of Technical Know-How can be treated as Revenue Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Royalty-Expenditure-Technical-Revenue-Expenditure-ITAT-taxscan.jpeg "Royalty Expenditure for Use of Technical Know-How can be treated as Revenue Expenditure: ITAT [Read Order]")
