![Expenses incurred for Repairing Machines for Running Petrol Pump Business are Revenue nature: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Expenses-incurred-for-repairing-machines-repairing-machines-running-petrol-pump-business-are-revenue-nature-ITAT-deletes-penalty-petrol-pump-business-taxscan.jpg "Expenses incurred for Repairing Machines for Running Petrol Pump Business are Revenue nature: ITAT deletes Penalty [Read Order]")
Expenses incurred for Repairing Machines for Running Petrol Pump Business are Revenue nature: ITAT deletes Penalty [Read Order]
The Income Tax Appellate Tribunal (ITAT) Kolkata Bench held that expenses incurred for repairing machines for the running of petrol pump business are...
![Interest Amount incurred towards Project Expenses cannot be Deducted from Project Expenses: ITAT upholds order of CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Interest-Interest-Amount-Amount-Interest-Amount-incurred-towards-Project-Expenses-taxscan.jpg "Interest Amount incurred towards Project Expenses cannot be Deducted from Project Expenses: ITAT upholds order of CIT(A) [Read Order]")
![Pre-Operative Expenses of Developing Business Activities shall not be disallowed: ITAT Grant Relief to Honda Access [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Pre-Operative-Expenses-Development-Business-Activities-disallowance-ITAT-Honda-Access-Relief-taxscan.jpg "Pre-Operative Expenses of Developing Business Activities shall not be disallowed: ITAT Grant Relief to Honda Access [Read Order]")
![Utilisation of Travel Expenses for Business purposes can be treated as Deductible Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Expense-deductible-expenditure-utilise-travel-travel-expense-business-purposes-personal-use-re-adjudication-ITAT-income-tax-taxscan-2.jpg "Utilisation of Travel Expenses for Business purposes can be treated as Deductible Expenditure: ITAT [Read Order]")
Disallowance made by AO on ground of Utilisation of Expenses for Non Business Purposes : ITAT Directs Re-adjudication [Read Order]
The Indore bench of the Income Tax Appellate Tribunal (ITAT) directed the assessing officer to re-adjudicate the disallowance made on the ground of utilization of expenses for personal use or...
![Disallowance made by AO on ground of Utilisation of Expenses for Non Business Purposes : ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Disallowance-Income-Tax-AO-Utilisation-of-Expenses-Utilisation-Expenses-Non-Business-Purposes-ITAT-Directs-Re-adjudication-ITAT-Re-adjudication-taxscan.jpg "Disallowance made by AO on ground of Utilisation of Expenses for Non Business Purposes : ITAT Directs Re-adjudication [Read Order]")
![ESOP Expenses can be Claimed in the Year of Vesting: ITAT Allows Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ESOP-expense-vesting-ITAT-Deduction-claim-taxscan.jpg "ESOP Expenses can be Claimed in the Year of Vesting: ITAT Allows Deduction [Read Order]")
![Expenses Recorded in Cash Book Subsequent to Survey not Bogus: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Expenses-Cash-Book-Subsequent-to-Survey-ITAT-Expenses-Recorded-in-Cash-Book-Expenses-Cash-Book-taxscan.jpg "Expenses Recorded in Cash Book Subsequent to Survey not Bogus: ITAT [Read Order]")
Claim of Deduction on Freight Outward Expenses Allowable only on Submission of Actual Payment Details: ITAT [Read Order]
The Pune Bench of Income Tax Appellate Tribunal (ITAT) has held that claim of deduction on freight outward expenses would be allowable only on submission of actual payment details. The AO...
![Claim of Deduction on Freight Outward Expenses Allowable only on Submission of Actual Payment Details: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Claim-of-Deduction-Deduction-Freight-Outward-Expenses-Expenses-Actual-Payment-Details-Submission-of-Actual-Payment-Details-ITAT-Income-Tax-taxscan.jpg "Claim of Deduction on Freight Outward Expenses Allowable only on Submission of Actual Payment Details: ITAT [Read Order]")
![Project Expenses are “Revenue” in Nature, Deductible u/s 37: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Project-Expenses-Revenue-ITAT-Taxscan.jpg "Project Expenses are “Revenue” in Nature, Deductible u/s 37: ITAT [Read Order]")
Entire Expenses connected with Setting Up of Business are “Capital” in Nature, Not Allowable as Deduction: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently in an appeal filed before it, held that the entire expenses connected with setting up of business are “capital” in nature, and...
![Entire Expenses connected with Setting Up of Business are “Capital” in Nature, Not Allowable as Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Expenses-Setting-Up-of-Business-Deduction-ITAT-taxscan.jpg "Entire Expenses connected with Setting Up of Business are “Capital” in Nature, Not Allowable as Deduction: ITAT [Read Order]")
Bombay HC rules CBDT Circular disallowing Expenses associated with Doctor Freebies, not applicable to AY 2008-09 [Read Order]
In a major ruling the Bombay High Court ruled that Central Board of Direct Taxes (CBDT) Circular disallowing Expenses associated with Doctor Freebies, not applicable to Assessment Year 2008-09. A...
