![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]")
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...
![Payments of ‘Donation & Subscription’ are allowable as Expenditure Even without any Receipt /80G Certificate: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/Donation-Taxscan.jpg "Payments of ‘Donation & Subscription’ are allowable as Expenditure Even without any Receipt /80G Certificate: ITAT Kolkata [Read Order]")
![No TDS when Assessee waived Deduction on Expenditure & has made suo motu disallowance u/s 40(a)(ia): Mumbai ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/Tax-dedution-at-source-TDS-Tax-Scan.jpg "No TDS when Assessee waived Deduction on Expenditure & has made suo motu disallowance u/s 40(a)(ia): Mumbai ITAT [Read Order]")
![Delhi HC allows Expenditure Incurred prior to recognition of R & D Center [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/08/Maruti-R-D-Center.jpg "Delhi HC allows Expenditure Incurred prior to recognition of R & D Center [Read Judgment]")
Sponsoring Foreign Trips of Doctors for Business Promotion is allowable as Expenditure: Mumbai ITAT [Read Order]
In a significant ruling, the Mumbai ITAT held that sponsoring foreign trips of doctors for business promotion is allowable as expenditure under the provisions of Income Tax Act. Assessee, India...
![Sponsoring Foreign Trips of Doctors for Business Promotion is allowable as Expenditure: Mumbai ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/04/Travel-Abroad-Taxscan.jpg "Sponsoring Foreign Trips of Doctors for Business Promotion is allowable as Expenditure: Mumbai ITAT [Read Order]")
Amount deposited as Security during the Customs Proceedings is Allowable as Expenditure: Delhi HC [Read Judgment]
In Principal CIT v. Praveen Saxena, the Delhi High Court dismissed an appeal preferred by the Revenue contending that the amount deposited by the assessee as security during the customs proceedings is...
![Amount deposited as Security during the Customs Proceedings is Allowable as Expenditure: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Delhi-High-Court-Tax-Scan-1.jpg "Amount deposited as Security during the Customs Proceedings is Allowable as Expenditure: Delhi HC [Read Judgment]")
Sponsoring Overseas Tour to doctors by Pharmaceutical Company is unethical & illegal, ITAT Mumbai disallows expenditure [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal recently confirmed disallowance of expenditure incurred by the Pharmaceutical company on account sponsoring overseas tour to doctors. Earlier,...
![Sponsoring Overseas Tour to doctors by Pharmaceutical Company is unethical & illegal, ITAT Mumbai disallows expenditure [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Expenditures-TAXSCAN.jpg "Sponsoring Overseas Tour to doctors by Pharmaceutical Company is unethical & illegal, ITAT Mumbai disallows expenditure [Read Order]")