Budget 2023: Major ongoing initiatives of the Indian Railways and Increase in Capital Expenditure [Read Report]
The Economic Survey 2023, tabled before the parliament by the Financial Minister Nirmala Sitharaman and prepared by the Chief Economic Adviser V....
![Entries in Books of Account not conclusive in determining Income: ITAT holds Lease Rental paid is Revenue in Nature [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Entries-in-Books-of-Account-Books-of-Account-Income-ITAT-Lease-Rental-taxscan.jpg "Entries in Books of Account not conclusive in determining Income: ITAT holds Lease Rental paid is Revenue in Nature [Read Order]")
![Furniture and Maintenance Expenditure does not amount to Capital Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Furniture-and-Maintenance-Expenditure-does-not-amount-to-Capital-Expenditure-ITAT-TAXSCAN.jpg "Furniture and Maintenance Expenditure does not amount to Capital Expenditure: ITAT [Read Order]")
![Training Expenses that do not result in New Income is not Capital Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Training-Expenses-Income-Capital-Expenditure-ITAT-taxscan.jpg "Training Expenses that do not result in New Income is not Capital Expenditure: ITAT [Read Order]")
![Transfer Fee Paid in Connection with Transfer of Licence is Capital Expenditure and Hence Deductible From Taxable Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Transfer-Fee-Transfer-of-Licence-Capital-Expenditure-Taxable-Income-ITAT-taxscan.jpeg "Transfer Fee Paid in Connection with Transfer of Licence is Capital Expenditure and Hence Deductible From Taxable Income: ITAT [Read Order]")
Amount paid for Land enhancement is Capital Expenditure, can avail Deduction u/s 48: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT)of the Mumbai bench held that the amount paid for land enhancement is capital expenditure and can avail deduction under section 48 of the Income Tax Act,1961. ...
![Amount paid for Land enhancement is Capital Expenditure, can avail Deduction u/s 48: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/land-enhancement-capital-expenditure-ITAT-taxscan.jpeg "Amount paid for Land enhancement is Capital Expenditure, can avail Deduction u/s 48: ITAT [Read Order]")
Development Fee directly taken to Corpus Account and Invested in Fixed Asset can be allowed as Capital Receipt: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) has held that development fees directly taken to corpus account and invested in a fixed asset can be allowed as capital receipt. The...
![Development Fee directly taken to Corpus Account and Invested in Fixed Asset can be allowed as Capital Receipt: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Development-Fee-Corpus-Account-Fixed-Asset-Capital-Receipt-ITAT-Taxscan.jpg "Development Fee directly taken to Corpus Account and Invested in Fixed Asset can be allowed as Capital Receipt: ITAT [Read Order]")
![Expenses vouched and Verified incompletely will invalidate the Addition: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Expenses-verified-incompletely-ITAT-invalidate-addition-Taxscan.jpg "Expenses vouched and Verified incompletely will invalidate the Addition: ITAT [Read Order]")
![Depreciation allowable on Toll Collection Rights: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Depreciation-Toll-Collection-Rights-ITAT-Taxscan.jpg "Depreciation allowable on Toll Collection Rights: ITAT [Read Order]")
Modification carried out on-premises in Small Scale Repair does not constitute Capital Expenditure: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Surat Bench has held that modification carried out on-premises in small scale repair does not constitute capital expenditure and deleted the addition of...
![Modification carried out on-premises in Small Scale Repair does not constitute Capital Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/premises-small-scale-repair-capital-expenditure-ITAT-taxscan.jpg "Modification carried out on-premises in Small Scale Repair does not constitute Capital Expenditure: ITAT [Read Order]")
Charges can be altered even after reversing Judgement: Madras HC dismisses Plea challenging Alternation of Charges on person accused of Non-Payment of Income Tax Arrears [Read Order]
The Madras High Court while dismissing a plea challenging Alternation of charges on persons accused of non-payment of Income Tax arrears held that Charges can be altered even after reversing...
![Charges can be altered even after reversing Judgement: Madras HC dismisses Plea challenging Alternation of Charges on person accused of Non-Payment of Income Tax Arrears [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/12/Madras-High-Court-Income-Tax-Arrears-Taxscan.jpg "Charges can be altered even after reversing Judgement: Madras HC dismisses Plea challenging Alternation of Charges on person accused of Non-Payment of Income Tax Arrears [Read Order]")
![Relief to Daawat Foods: ITAT allows Depreciation on Capital Expenditure [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/Daawat-Foods-ITAT-capital-expenditure-Taxscan.jpg "Relief to Daawat Foods: ITAT allows Depreciation on Capital Expenditure [Read Order]")