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Capital Expenditure

Central government - Tax Devolution - Tax Devolution to States - 14th Installment of Tax Devolution - Capital and Developmental Expenditure - Capital Expenditure - Developmental Expenditure - Taxscan

Central Govt releases 14th Installment of Tax Devolution to States, Aims to accelerate Capital and Developmental Expenditure

The Central government released the 14th Tax devolution to the states. As per the reports 41% of the total tax collected by the centre in the fiscal...

Income Calculated without considering Capital Expenditure is not valid: Orissa HC upholds ITAT Order...

Cess on Royalty Payment is Deductible when Entire Amount of Royalty Paid was Deleted: ITAT Grants...

Budget 2023 - ongoing initiatives - Indian Railways - Capital Expenditure - budget 2023 live - union budget 2023 - nirmala sitharaman budget - nirmala sitharaman union budget - nirmala sitharaman - budget 2023 india - Taxscan

Budget 2023: Major ongoing initiatives of the Indian Railways and Increase in Capital Expenditure...

Entries in Books of Account not conclusive in determining Income: ITAT holds Lease Rental paid is...

Furniture and Maintenance Expenditure does not amount to Capital Expenditure: ITAT [Read Order]

The Chennai bench of the Income Tax Appellate Tribunal(ITAT) has held that Furniture and Maintenance expenditure does not amount to capital expenditure. T. Banusekar, CA appeared for the appellant...

Training Expenses that do not result in New Income is not Capital Expenditure: ITAT [Read Order]

The New Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ), held that training expenses that does not result in new income is not capital expenditure. During the relevant Assessment Year,...

Transfer Fee Paid in Connection with Transfer of Licence is Capital Expenditure and Hence Deductible From Taxable Income: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT) Pune, has, in a recent appeal filed before it, held that transfer fee paid in connection with the transfer of licence is capital expenditure and hence, that...

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. ...

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...

Expenses vouched and Verified incompletely will invalidate the Addition: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Amritsar bench has held that expenses vouched and verified incompletely will invalidate the addition to the Income. Shri Kul Bharat, Judicial member...

Depreciation allowable on Toll Collection Rights: ITAT [Read Order]

The Pune bench of the Income Tax Appellate Tribunal (ITAT) has held that the depreciation under section 32 of the Income Tax Act, 1961 is allowable on toll collection rights as the same would be...

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