![Expenses incurred for Repair and Maintenance of Damaged Assets on Fire are Capital Expenditure: ITAT upholds Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Expenses-incurred-for-Repair-and-Maintenance-of-Damaged-Assets-on-Fire-are-Capital-Expenditure-ITAT-upholds-disallowance-TAXSCAN.jpg "Expenses incurred for Repair and Maintenance of Damaged Assets on Fire are Capital Expenditure: ITAT upholds Disallowance [Read Order]")
Expenses incurred for Repair and Maintenance of Damaged Assets on Fire are Capital Expenditure: ITAT upholds Disallowance [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that the expenses incurred for repair and maintenance of damaged assets on fire are...
![ITAT deletes 5% Disallowance out of Repair and Maintenance Expenses claimed under Sanitation Segment [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-ITAT-deletes-deletes-disallowance-ITAT-deletes-5-disallowance-ITAT-deletes-5-disallowance-out-of-repair-repair-taxscan.jpg "ITAT deletes 5% Disallowance out of Repair and Maintenance Expenses claimed under Sanitation Segment [Read Order]")
![Income received from letting out of Property on a Commercial basis qualifies as Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Income-received-from-letting-out-of-Property-on-a-Commercial-basis-qualifies-as-Business-Income-ITAT-TAXSCAN.jpg "Income received from letting out of Property on a Commercial basis qualifies as Business Income: ITAT [Read Order]")
![ITAT dismiss Ex Parte order passed without consider Savings of housewife Deposit in Joint Account [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-dismiss-Ex-Parte-order-passed-without-consider-Savings-of-housewife-Deposit-in-Joint-Account-TAXSCAN.jpg "ITAT dismiss Ex Parte order passed without consider Savings of housewife Deposit in Joint Account [Read Order]")
 No addition can be made on Expenses incurred for Purchases of liquor from Licensed Suppliers :ITAT [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) ruled that no addition could be made on expenses incurred for purchase of liquor from liquor from licensed suppliers . The assessee...
![ No addition can be made on Expenses incurred for Purchases of liquor from Licensed Suppliers :ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/No-addition-can-be-made-on-Expenses-incurred-for-Purchases-of-liquor-from-Licensed-Suppliers-ITAT-TAXSCAN.jpg " No addition can be made on Expenses incurred for Purchases of liquor from Licensed Suppliers :ITAT [Read Order]")
Relief to Steel Authority of India: ITAT directs to rework Disallowance made u/s 14 A without Following Directions made by CIT(A) [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) allowed relief to the Steel Authority of India by directing to rework disallowance made under Section 14A of the Income Tax Act, 1961...
![Relief to Steel Authority of India: ITAT directs to rework Disallowance made u/s 14 A without Following Directions made by CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Relief-to-Steel-Authority-of-India-ITAT-directs-to-rework-Disallowance-made-Directions-made-by-CITA-.jpg "Relief to Steel Authority of India: ITAT directs to rework Disallowance made u/s 14 A without Following Directions made by CIT(A) [Read Order]")
Engineering and Development costs incurred for manufacture and sale of Seats for Passenger cars are Revenue Expenditure :ITAT [Read Order]
The Pune bench of Income Tax Appellate Tribunal (ITAT) has held that engineering and development costs incurred for manufacture and sale of seats for passenger cars are revenue expenditure. The...
![Engineering and Development costs incurred for manufacture and sale of Seats for Passenger cars are Revenue Expenditure :ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Engineering-and-Development-costs-incurred-for-manufacture-and-sale-of-Seats-for-Passenger-cars-are-Revenue-Expenditure-ITAT-TAXSCAN-1.jpg "Engineering and Development costs incurred for manufacture and sale of Seats for Passenger cars are Revenue Expenditure :ITAT [Read Order]")
![Product Development Charges on existing Businesses can be treated as Revenue: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Product-development-charges-businesses-revenue-ITAT-Taxscan.jpeg "Product Development Charges on existing Businesses can be treated as Revenue: ITAT [Read Order]")
Relief to Reliance: Deductions for Profits and Gains from Industrial Undertakings not to be confined to 'Business Income' Only, rules Supreme Court
The Supreme Court of India has ruled that the Deductions for profits and gains from industrial undertakings under Section 80-IA must not be confined to 'Business Income' only. The Assessing...
