![Relief to Nokia: Delhi HC allows Expenditure on Mobile Phones distributed to Employees, Dealers and Sales Personnels [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/09/Nokia-Taxscan.jpg "Relief to Nokia: Delhi HC allows Expenditure on Mobile Phones distributed to Employees, Dealers and Sales Personnels [Read Judgment]")
Relief to Nokia: Delhi HC allows Expenditure on Mobile Phones distributed to Employees, Dealers and Sales Personnels [Read Judgment]
In a major relief to Nokia, the Delhi High Court has held that the company is eligible to get the deduction in respect of the cost incurred on...
![Expenditure on Interest-bearing Loans acquired for making Investment in Agricultural Land not allowable as Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/04/Agricultural-Land.jpg "Expenditure on Interest-bearing Loans acquired for making Investment in Agricultural Land not allowable as Deduction: ITAT [Read Order]")
![Compounding Fee paid to Legal Metrology Dept is an allowable Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/08/Compounding-Fee-Expenditure-Taxscan.jpg "Compounding Fee paid to Legal Metrology Dept is an allowable Expenditure: ITAT [Read Order]")
![Property Tax paid in respect of Leased Property is allowable as Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/01/Property-Tax-Taxscan.jpg "Property Tax paid in respect of Leased Property is allowable as Expenditure: ITAT [Read Order]")
Expenditure of Premium of Redemption of Foreign Currency Convertible Bonds is Revenue in Nature: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) in the case of Strides Shasun Ltd. v. The ACIT held that the expenditure of premium of redemption of foreign currency convertible bonds...
![Expenditure of Premium of Redemption of Foreign Currency Convertible Bonds is Revenue in Nature: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/04/Foreign-Currency.jpg "Expenditure of Premium of Redemption of Foreign Currency Convertible Bonds is Revenue in Nature: ITAT [Read Order]")
![Project Development Expenditure is Revenue in Nature, Allowable u/s 37(1): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Expenditure-Reliance-Digital-Taxscan.jpg "Project Development Expenditure is Revenue in Nature, Allowable u/s 37(1): ITAT [Read Order]")
Loss due to Encashment of Bank Guarantee for Non-Fulfilment of the Work awarded to the assessee is allowable Expenditure: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) New Delhi, in Green Delhi BQS Limited vs. ACIT, held that loss due to encashment of bank guarantee for non-fulfilment of the work awarded to the assessee is...
![Loss due to Encashment of Bank Guarantee for Non-Fulfilment of the Work awarded to the assessee is allowable Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Expenditure-Taxscan.jpg "Loss due to Encashment of Bank Guarantee for Non-Fulfilment of the Work awarded to the assessee is allowable Expenditure: ITAT [Read Order]")
![Expenditure incurred for Club Membership Fees is Allowable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Expenditure-Club-Membership-Fees-Deloitte-Taxscan.jpg "Expenditure incurred for Club Membership Fees is Allowable: ITAT [Read Order]")
Expenditure related to Earning of Income from Other Sources only is Allowable u/s 57(iii): ITAT [Read Order]
A single bench of Sunil Kumar Yadav (Judicial Member) recently confirmed that expenditure strictly related to earning of Income from other sources is to be allowed under Section 57(iii) of the Income...
Expenditure cannot be disallowed since Assessee followed Accounting Standard issued by ICAI: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT), on Friday held that the expenditure cannot be disallowed when the assessee has followed the Accounting Standard issued by the Institute of...
![Expenditure cannot be disallowed since Assessee followed Accounting Standard issued by ICAI: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/08/Laptop-of-Chartered-Accountant.jpg "Expenditure cannot be disallowed since Assessee followed Accounting Standard issued by ICAI: ITAT [Read Order]")