![Expenditure incurred for Construction of a New Facility and subsequently abandoned at Work-in-progress stage is allowable as Revenue Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Expenditure-Construction-Facility-Revenue-Expenditure-ITAT-Income-Tax-taxscan.jpg "Expenditure incurred for Construction of a New Facility and subsequently abandoned at Work-in-progress stage is allowable as Revenue Expenditure: ITAT [Read Order]")
Expenditure incurred for Construction of a New Facility and subsequently abandoned at Work-in-progress stage is allowable as Revenue Expenditure: ITAT [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) has held that expenditure incurred for construction of a new facility and...
![Onus is on Assessee to establish that Expenditure was incurred for Business: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/expenditure-business-ITAT-taxscan.jpg "Onus is on Assessee to establish that Expenditure was incurred for Business: ITAT [Read Order]")
![TPO not to Step into the Shoes of Assessee to Decide Prudence of Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/TPO-Expenditure-ITAT-taxscan-1.jpg "TPO not to Step into the Shoes of Assessee to Decide Prudence of Expenditure: ITAT [Read Order]")
![Salary allowable as Expenditure When Calculation Sheets on Pay Revision available: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Salary-Calculation-Sheets-on-Pay-Revision-ITAT-TAXSCAN.jpg "Salary allowable as Expenditure When Calculation Sheets on Pay Revision available: ITAT [Read Order]")
![Processing Fees for Purchase of Business Assets Allowable as Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Processing-Fees-Business-Assets-Expenditure-ITAT-taxscan.jpeg "Processing Fees for Purchase of Business Assets Allowable as Expenditure: ITAT [Read Order]")
![ÂÂRoyalty Expenditure is Revenue in Nature, Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Royalty-Expenditure-Revenue-Taxable-ITAT-TAXSCAN.jpg "ÂÂRoyalty Expenditure is Revenue in Nature, Taxable: ITAT [Read Order]")
Disallowance of Expenditure on Estimated or Notional basis does not attract Penalty provision u/s 271: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench has held that disallowance of expenditure on an estimated or notional basis does not attract penalty provision under section 271. During the...
![Disallowance of Expenditure on Estimated or Notional basis does not attract Penalty provision u/s 271: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Disallowance-Expenditure-Notional-basis-Penalty-provision-taxscan.jpg "Disallowance of Expenditure on Estimated or Notional basis does not attract Penalty provision u/s 271: ITAT [Read Order]")
Disallowance on account of TDS payable not sustained When Assessee has Shown Expenditure in his Accounts: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) New Delhi has held that disallowance on account of TDS payable is not sustained when the assessee has shown the expenditure in his account. The assessee,...
![Disallowance on account of TDS payable not sustained When Assessee has Shown Expenditure in his Accounts: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Disallowance-TDS-Assessee-Expenditure-ITAT-TAXSCAN.jpeg "Disallowance on account of TDS payable not sustained When Assessee has Shown Expenditure in his Accounts: ITAT [Read Order]")
Expenditure on Technical Know-How Fees is Revenue Expenditure: ITAT deletes Disallowance made by AO [Read Order]
Expenditure on technical know-how fees is revenue expenditure, Income Tax Appellate Tribunal (ITAT), Delhi bench consisting of Anil Chaturvedi, Accountant Member and N K Choudhary, Judicial Member...
![Expenditure on Technical Know-How Fees is Revenue Expenditure: ITAT deletes Disallowance made by AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Technical-know-how-fees-revenue-expenditure-ITAT-disallowance-AO-Taxscan.jpeg "Expenditure on Technical Know-How Fees is Revenue Expenditure: ITAT deletes Disallowance made by AO [Read Order]")
No Documentary Evidence to substantiate Performance Related Pay as Expenditure, claim not sustainable: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), of Kolkata bench has held that the claim of Performance Related Pay (PRP) is not sustainable when no documentary evidence was produced to substantiate the...
![No Documentary Evidence to substantiate Performance Related Pay as Expenditure, claim not sustainable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/documentary-evidence-expenditure-ITAT-taxscan.jpg "No Documentary Evidence to substantiate Performance Related Pay as Expenditure, claim not sustainable: ITAT [Read Order]")
Interest paid on Convertible Debentures is not Interest on Equity and allowable as Expenditure u/s. 36(1)(iii): ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore held that Interest paid on convertible debentures is not interest on equity and allowable as expenditure under Section 36(1)(iii). The only...
![Interest paid on Convertible Debentures is not Interest on Equity and allowable as Expenditure u/s. 36(1)(iii): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Interest-paid-convertible-debentures-interest-equity-expenditure-ITAT-taxscan.jpg "Interest paid on Convertible Debentures is not Interest on Equity and allowable as Expenditure u/s. 36(1)(iii): ITAT [Read Order]")