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![Project Expenses are “Revenue” in Nature, Deductible u/s 37: 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]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has recently held that project expenses are revenue in nature therefore it has deductible...



![Race Promotion Fee paid to Formula One World Championship shall not be Disallowed u/s 40(i) of Income Tax Act: ITAT [Read Order] Race Promotion Fee paid to Formula One World Championship shall not be Disallowed u/s 40(i) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Race-Promotion-World-Championship-Disallowed-Income-Tax-Act-ITAT-TAXSCAN.jpg)
![No Penalty u/s 271(1)(c) When Income Tax is Payable based on Book Profit: ITAT Grants Relief to Havells India [Read Order] No Penalty u/s 271(1)(c) When Income Tax is Payable based on Book Profit: ITAT Grants Relief to Havells India [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Penalty-Income-Tax-Payable-Book-Profit-ITAT-Havells-India-TAXSCAN.jpg)
![Eligible Deductions cannot be Disallowed Merely on Ground of Technicalities: ITAT [Read Order] Eligible Deductions cannot be Disallowed Merely on Ground of Technicalities: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Deductions-Technicalities-ITAT-Income-Tax-Tax-Taxscan.jpg)
![No Document to Prove that Assessee is merely a POA Holder: ITAT Upholds Addition of Capital Gain [Read Order] No Document to Prove that Assessee is merely a POA Holder: ITAT Upholds Addition of Capital Gain [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Document-POA-Holder-ITAT-Addition-of-Capital-Gain-Capital-Gain-taxscan.jpg)
![Final Assessment Order Issued Beyond Period of Limitation u/s 144C of Income Tax Act is Null and Void: ITAT grants Relief to Fiber Home India [Read Order] Final Assessment Order Issued Beyond Period of Limitation u/s 144C of Income Tax Act is Null and Void: ITAT grants Relief to Fiber Home India [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Assessment-Order-Assessment-Income-Tax-Act-Income-Tax-ITAT-Fiber-home-India-Taxscan.jpg)
![Expenses towards Clinical Trials for Promotion and Sales of Cardio Products Allowable as Expenditure: ITAT [Read Order] Expenses towards Clinical Trials for Promotion and Sales of Cardio Products Allowable as Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Expenses-Clinical-Trials-Promotion-Sales-of-Cardio-Products-Sales-Cardio-Products-Expenditure-ITAT-Taxscan.jpg)
![No Opportunity for Cross Examination Provided: ITAT deletes Addition for Payment of Capitation Fee to Medical College [Read Order] No Opportunity for Cross Examination Provided: ITAT deletes Addition for Payment of Capitation Fee to Medical College [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Cross-Examination-ITAT-Payment-of-Capitation-Fee-to-Medical-College-Payment-of-Capitation-Fee-Medical-College-Capitation-Fee-to-Medical-College-taxscan.jpg)

![Income from Foreign Assignment Not Taxable Merely because Assessee Owns a House in India: ITAT Allows DTAA Benefit [Read Order] Income from Foreign Assignment Not Taxable Merely because Assessee Owns a House in India: ITAT Allows DTAA Benefit [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Income-Foreign-Assignment-Taxable-House-India-ITAT-DTAA-TAXSCAN.jpg)
![Addition Against Housewife for having Deposit of Rs.2,40,000/- during Demonetization Period is Against CBDT Circular: ITAT [Read Order] Addition Against Housewife for having Deposit of Rs.2,40,000/- during Demonetization Period is Against CBDT Circular: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Addition-Housewife-Deposit-Demonetization-Period-CBDT-Circular-ITAT-Income-Tax-taxscan.jpg)
![Landlord Not Liable for Deduction of TDS under Wrong Provision by Tenant: ITAT [Read Order] Landlord Not Liable for Deduction of TDS under Wrong Provision by Tenant: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Landlord-Deduction-TDS-Wrong-Provision-Wrong-Provision-by-Tenant-Tenant-Income-Tax-Income-Tax-Act-taxscan.jpg)