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![Accumulation Income can be applied towards Acquisition of Fixed Assets u/s 11(6) of Income Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Accumulation-Income-Income-Tax-Act-Income-Tax-Appellate-Tribunal-Fixed-Assets-Fixed-Assets-Acquisition-taxscan.jpg "Accumulation Income can be applied towards Acquisition of Fixed Assets u/s 11(6) of Income Tax: ITAT [Read Order]")
Accumulation Income can be applied towards Acquisition of Fixed Assets u/s 11(6) of Income Tax: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) allowed the appeal of the assessee ruling that accumulated income can be applied...
![Community Service Contributions by Employer as per MOU with Workers Union is Business Expenditure, rules Bombay HC in Relief to Tata Engineering [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Income-Tax-Act-Bombay-High-Court-Tata-Engineering-MOU-TAXSCAN.jpg "Community Service Contributions by Employer as per MOU with Workers Union is Business Expenditure, rules Bombay HC in Relief to Tata Engineering [Read Order]")
Expenditure incurred by Addition to Buildings and Electrical Fittings on Leasehold Premises is Capital Expenditure: Kerala HC [Read Order]
In a recent decision a division bench of the Kerala High Court ruled that the expenditure incurred by way of addition to buildings and electrical fittings on leasehold premises is capital expenditure...
![Expenditure incurred by Addition to Buildings and Electrical Fittings on Leasehold Premises is Capital Expenditure: Kerala HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/kerala-High-Court-First-Appellate-Authority-Income-Tax-Department-Addition-to-buildings-Addition-to-electrical-fittings-taxscan.jpeg "Expenditure incurred by Addition to Buildings and Electrical Fittings on Leasehold Premises is Capital Expenditure: Kerala HC [Read Order]")
Budget 2024: Government to Lower Deficit in 2024-25 Fiscal Year on Lifting Capital Expenditure to All-Time High
The Central Government will focus to lower deficit in the 2024-25 fiscal year despite lifting capital expenditure to an all-time high and is aiming to narrow the fiscal deficit to 4.50% of GDP by the...
