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ITAT Upholds Deletion of Disallowance made by AO on ground of Incurred Expenditure as Revenue Expenditure of Business [Read Order]

Shabna Rahim

The New Delhi bench of the Income Tax Appellate Tribunal (ITAT) upheld the deletion of disallowance made by the assessing officer on the ground of...

Claim of Expenditure Incurred for Club Membership Rejected on Ground of “Non-Business Expense”: ITAT...

No TDS u/s 194H of Income Tax Act for Expenditure claimed to have been Debited to Profit & Loss...

Deduction on Sale Commission not Allowable if Genuineness of Expenditure cannot be Ascertained:...

Expenses towards Clinical Trials for Promotion and Sales of Cardio Products Allowable as...

Expenditure towards Wage Settlement Deductible in the Year of Actual Payment: ITAT [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has while allowing the appeal held that expenditure towards wage settlement is deductible in the tear of actual payment. The assessee,...

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...

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...

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. ...

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. ...

Education Cess is Not Allowable as Expenditure u/s 37 of Income Tax Act: ITAT [Read Order]

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that the education cess would not be allowable as expenditure under Section 37 of the Income Tax Act, 1961. The assessee, Aarti...

Expenditure incurred during setting up of New Business and its Commencement is allowable as a Deduction: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Pune Bench has held that expenditure incurred during the setting up of the new business and its commencement is allowable as a deduction. The appellant,...

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