![Expenditure towards Customer Contracts and Assembled Workforce are ‘Capital’ in Nature: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Expenditure-Customer-Contracts-Assembled-Workforce-Capital-ITAT-Taxscan.jpg "Expenditure towards Customer Contracts and Assembled Workforce are ‘Capital’ in Nature: ITAT [Read Order]")
Expenditure towards Customer Contracts and Assembled Workforce are ‘Capital’ in Nature: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Delhi Bench, has recently, in an appeal filed before it, held that expenditure towards customer contracts...
![Bank Charges paid for Obtaining Loan is Revenue Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Bank-Charges-Loan-Revenue-Expenditure-ITAT-TAXSCAN.jpg "Bank Charges paid for Obtaining Loan is Revenue Expenditure: ITAT [Read Order]")
![Disallowance u/s 14A not applicable on Interest Income earned from Negative Capital of Partnership: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Disallowance-Interest-Income-Negative-Capital-Partnership-ITAT-TAXSCAN.jpg "Disallowance u/s 14A not applicable on Interest Income earned from Negative Capital of Partnership: ITAT [Read Order]")
Revenue Expenditures on ERP software 'Capital' in nature: ITAT allows to Claim Depreciation [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has recently allowed the assessee, Indo British Garments Pvt Ltd to claim depreciation on the revenue expenditures incurred on license...
![Revenue Expenditures on ERP software Capital in nature: ITAT allows to Claim Depreciation [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/ERP-software-Income-Tax-Revenue-expenditures-Capital-ITAT-Depreciation-Revenue-expenditures-taxscan.jpg "Revenue Expenditures on ERP software Capital in nature: ITAT allows to Claim Depreciation [Read Order]")
Investment Scam: ED arrested the three Directors of Bluemax Capital Solutions Pvt. Ltd. & Associate under PMLA, Special Court grants Custody for 12 Days
The Directorate of Enforcement (ED) has arrested 4 persons R. Aravinth, S. Gopalakrishnan, S. Bharathraj, (the three Directors of M/s. Bluemax Capital Solutions Pvt. Ltd.) and their associate J....
Addition of Unexplained Capital will sustain in absence Evidence to Prove Source of Capital: ITAT [Read Order]
The Visakhapatnam bench of the Income Tax Appellate Tribunal (ITAT) held that the addition of unexplained capital will sustain in the absence of evidence to prove the source of capital. The...
![Addition of Unexplained Capital will sustain in absence Evidence to Prove Source of Capital: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Evidence-Capital-ITAT-taxscan.jpeg "Addition of Unexplained Capital will sustain in absence Evidence to Prove Source of Capital: ITAT [Read Order]")
![Excise Duty Subsidy / Excise Rollback is a Capital Receipt, not Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Excise-Duty-Subsidy-Rollback-Capital-Receipt-Taxable-ITAT-Taxscan.jpg "Excise Duty Subsidy / Excise Rollback is a Capital Receipt, not Taxable: ITAT [Read Order]")
Firm not Taxable for Capital introduced by Partner: ITAT deletes Addition u/s 68 of Income Tax Act [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench has held that the Firm cannot made taxable for the capital introduced by the Partner as section 68 of the Income Tax Act, 1961 cannot be...
![Firm not Taxable for Capital introduced by Partner: ITAT deletes Addition u/s 68 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Firm-Capital-Partner-ITAT-Income-Tax-Act-section-68-Taxscan.jpg "Firm not Taxable for Capital introduced by Partner: ITAT deletes Addition u/s 68 of Income Tax Act [Read Order]")
ITAT upholds Disallowance due to Non-Payment of TDS on Hire Charges paid for Leasing Equipments [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore bench has confirmed the disallowance on ground of non-payment of TDS on hire charges paid for the leasing of equipments. The assessee is a...
![ITAT upholds Disallowance due to Non-Payment of TDS on Hire Charges paid for Leasing Equipments [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/ITAT-Disallowance-Non-Payment-TDS-Hire-Charges-Leasing-Equipments-Equipments-Taxscan.jpeg "ITAT upholds Disallowance due to Non-Payment of TDS on Hire Charges paid for Leasing Equipments [Read Order]")
![MCA notifies Amendment in Director’s Remuneration [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/03/MCA-Amendment-Director-Remuneration-Taxscan.jpeg "MCA notifies Amendment in Director’s Remuneration [Read Notification]")