![Salary Paid to Vice President of Company allowable as Expenditure u/s 37(1) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Salary-Paid-Vice-President-of-Company-Expenditure-Income-Tax-Act-ITAT-taxscan.jpg "Salary Paid to Vice President of Company allowable as Expenditure u/s 37(1) of Income Tax Act: ITAT [Read Order]")
Salary Paid to Vice President of Company allowable as Expenditure u/s 37(1) of Income Tax Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi held that salary paid to vice president of company should be allowed as expenditure under Section...
![Documentary Evidences validates Compensation Paid to Brokerages and Settlement of Disputes out of Sale Proceeds: ITAT upholds Deletion of Rs. 3.86 crores as Expenditure [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Documentary-Evidences-Compensation-Paid-to-Brokerages-Compensation-Paid-to-Brokerages-and-Settlement-of-Disputes-out-of-Sale-Proceeds-ITAT-taxscan.jpg "Documentary Evidences validates Compensation Paid to Brokerages and Settlement of Disputes out of Sale Proceeds: ITAT upholds Deletion of Rs. 3.86 crores as Expenditure [Read Order]")
![ITAT Upholds Deletion of Disallowance made by AO on ground of Incurred Expenditure as Revenue Expenditure of Business [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-Deletion-Disallowance-AO-Incurred-Expenditure-Revenue-Expenditure-Business-TAXSCAN.jpg "ITAT Upholds Deletion of Disallowance made by AO on ground of Incurred Expenditure as Revenue Expenditure of Business [Read Order]")
![Claim of Expenditure Incurred for Club Membership Rejected on Ground of “Non-Business Expense”: ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Claim-of-Expenditure-Incurred-for-Club-Membership-Claim-of-Expenditure-Incurred-Expenditure-Incurred-Club-Membership-Non-Business-Expense-ITAT-Taxscan.jpg "Claim of Expenditure Incurred for Club Membership Rejected on Ground of “Non-Business Expense”: ITAT Directs Re-adjudication [Read Order]")
Deduction on Sale Commission not Allowable if Genuineness of Expenditure cannot be Ascertained: ITAT [Read Order]
The Ahmedabad Income Tax Appellate Tribunal ( ITAT ) has recently held that deduction on sale commission is not allowable if genuine expenditure cannot be ascertained. Assessee Mangalya Ceramics...
![Deduction on Sale Commission not Allowable if Genuineness of Expenditure cannot be Ascertained: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Deduction-Sale-Commission-Allowable-Genuineness-Expenditure-ITAT-Taxscan.jpg "Deduction on Sale Commission not Allowable if Genuineness of Expenditure cannot be Ascertained: ITAT [Read Order]")
Expenses towards Clinical Trials for Promotion and Sales of Cardio Products Allowable as Expenditure: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has recently held that expenses towards clinical trials for promotion and sales of cardio products are allowable as expenditures. The...
![Expenses towards Clinical Trials for Promotion and Sales of Cardio Products Allowable as Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Expenses-Clinical-Trials-Promotion-Sales-of-Cardio-Products-Sales-Cardio-Products-Expenditure-ITAT-Taxscan.jpg "Expenses towards Clinical Trials for Promotion and Sales of Cardio Products Allowable as Expenditure: ITAT [Read Order]")
![Expenditure towards Wage Settlement Deductible in the Year of Actual Payment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Expenditure-Wage-Settlement-Wage-Settlement-Deductible-Actual-Payment-ITAT-Income-Tax-taxscan.jpg "Expenditure towards Wage Settlement Deductible in the Year of Actual Payment: ITAT [Read Order]")
Interim Maintenance Grant on the Basis of ITR and Balance Sheets: Punjab and Haryana HC upholds Maintenance Order of Family Court [Read Order]
The Punjab and Haryana High Court has recently upheld the maintenance order based on the filed Income Tax Returns (ITR) and balance sheets of the family court in a revision petition filed by the...
![Interim Maintenance Grant on the Basis of ITR and Balance Sheets: Punjab and Haryana HC upholds Maintenance Order of Family Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Interim-Maintenance-ITR-and-Balance-Sheets-Punjab-and-Haryana-HC-Maintenance-Order-of-Family-Court-Taxscan.jpg "Interim Maintenance Grant on the Basis of ITR and Balance Sheets: Punjab and Haryana HC upholds Maintenance Order of Family Court [Read Order]")
Monthly Rent paid by Company cannot be Allowed as Expenditure as Flat was Never Used for Business Purpose: ITAT [Read Order]
The Pune Bench of Income Tax Appellate Tribunal (ITAT) has held that the monthly rent paid by the company could not be allowed as expenditure, finding that the flats were never used for business...
![Monthly Rent paid by Company cannot be Allowed as Expenditure as Flat was Never Used for Business Purpose: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Monthly-Rent-paid-Rent-Monthly-Rent-Company-Expenditure-Business-Purpose-ITAT-Income-Tax-Income-Tax-Act-taxscan-.jpg "Monthly Rent paid by Company cannot be Allowed as Expenditure as Flat was Never Used for Business Purpose: ITAT [Read Order]")
Amount paid for Acquiring Title of Property under Dispute shall be Treated as Expenditure for Transfer of Property: ITAT [Read Order]
The Jaipur Bench of Income Tax Appellate Tribunal (ITAT) has held that the amount paid for acquiring the title of the property under dispute would be treated as expenditure for transfer of property. ...
![Amount paid for Acquiring Title of Property under Dispute shall be Treated as Expenditure for Transfer of Property: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Amount-Title-of-Property-Expenditure-Transfer-of-Property-Income-Tax-ITAT-taxscan.jpg "Amount paid for Acquiring Title of Property under Dispute shall be Treated as Expenditure for Transfer of Property: 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 and assembled workforce are “capital” in nature. ...
![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]")