![Replacement of Spare Parts includes in regular repairs and maintenance shall be treated as Revenue Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Replacement-spare-parts-regular-repairs-maintenance-shall-expenditure-ITAT-TAXSCAN.jpg "Replacement of Spare Parts includes in regular repairs and maintenance shall be treated as Revenue Expenditure: ITAT [Read Order]")
Replacement of Spare Parts includes in regular repairs and maintenance shall be treated as Revenue Expenditure: ITAT [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has held that replacement of spare parts includes in regular repairs and maintenance...
![Interior Design, Electrification Charges, Furniture Charges, Wallpaper, Toughened Glass, etc. are Purely Temporary Structures: ITAT allows 100% Depreciation [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Interior-Design-Electrification-Charges-Furniture-Charges-Wallpaper-Toughened-Glass-Temporary-Structures-ITAT-Depreciation-Taxscan.jpeg "Interior Design, Electrification Charges, Furniture Charges, Wallpaper, Toughened Glass, etc. are Purely Temporary Structures: ITAT allows 100% Depreciation [Read Order]")
![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]")
![Payment made for Usage of Software is Revenue Expenditure: ITAT allows Income Tax Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Payment-software-revenue-expenditure-deduction-ITAT-taxscan.jpeg "Payment made for Usage of Software is Revenue Expenditure: ITAT allows Income Tax Deduction [Read Order]")
![Difference b/w Price Offered under ESOP and ESPS and Market Price on the Date of Grant of Options Deductible as Revenue Expenditure: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Price-Offered-ESOP-ESPS-Market-Price-Revenue-Expenditure-Delhi-HC-taxscan.jpeg "Difference b/w Price Offered under ESOP and ESPS and Market Price on the Date of Grant of Options Deductible as Revenue Expenditure: Delhi HC [Read Order]")
Replacement of Parts of Rolling Mill Rolls in Course of Working is Revenue Expenditure: ITAT [Read Order]
Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench consisting of P.M. Jagtap, Vice President and Siddhartha Nautiyal, Judicial Member held that Replacement of parts of Rolling Mill Rolls in course...
![Replacement of Parts of Rolling Mill Rolls in Course of Working is Revenue Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Replacement-Rolling-Mill-Rolls-revenue-expenditure-ITAT-taxscan.jpeg "Replacement of Parts of Rolling Mill Rolls in Course of Working is Revenue Expenditure: ITAT [Read Order]")
Lease Rental on equipment paid without Acquiring Ownership is Revenue Expenditure, allowable to Deduct from Taxable Income: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) held that lease charges paid for the use of the asset, without acquiring any ownership rights in the same, are allowable as revenue expenditure under...
![Lease Rental on equipment paid without Acquiring Ownership is Revenue Expenditure, allowable to Deduct from Taxable Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Lease-Rental-revenue-expenditure-deduct-taxable-income-ITAT-taxscan.jpg "Lease Rental on equipment paid without Acquiring Ownership is Revenue Expenditure, allowable to Deduct from Taxable Income: ITAT [Read Order]")
Benefit not derived on Compulsory Afforestation done over Land not owned by Assessee: ITAT upholds deletion of Addition made on NPV [Read Order]
In a ruling in favour of Orissa Minning Corporation the Cuttack Bench, of the Income Tax Appellate Tribunal ( ITAT ), held that benefits were not derived from compulsory afforestation done on land...
![Benefit not derived on Compulsory Afforestation done over Land not owned by Assessee: ITAT upholds deletion of Addition made on NPV [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/afforestation-land-assessee-ITAT-NPV-Taxscan.jpeg "Benefit not derived on Compulsory Afforestation done over Land not owned by Assessee: ITAT upholds deletion of Addition made on NPV [Read Order]")
![Principal Component of Lease Rental can be treated as Revenue Expenditure u/s 37: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Principal-component-lease-rental-revenue-expenditure-ITAT-taxscan-1.jpg "Principal Component of Lease Rental can be treated as Revenue Expenditure u/s 37: ITAT [Read Order]")
Loss arising out of Foreign Currency Term Loan as Capital Loss, Depreciation allowed on Cost of Asset including Forex: ITAT [Read Order]
Loss arising out of foreign currency term loan as a capital loss, Chennai bench of Income Tax Appellate Tribunal (ITAT) allowed depreciation on the cost of assets including forex. The assessee...
![Loss arising out of Foreign Currency Term Loan as Capital Loss, Depreciation allowed on Cost of Asset including Forex: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/foreign-currency-capital-loss-depreciation-asset-forex-ITAT-Taxscan.jpeg "Loss arising out of Foreign Currency Term Loan as Capital Loss, Depreciation allowed on Cost of Asset including Forex: ITAT [Read Order]")
![Deduction u/s 35 (2AB) can invoke only for expenditure incurred R&D facility inside India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Deduction-expenditure-RD-facility-inside-India-ITAT-Taxscan.jpeg "Deduction u/s 35 (2AB) can invoke only for expenditure incurred R&D facility inside India: ITAT [Read Order]")
Interest of Loans on Plant & Machinery and CWP cannot be capitalised and Disallowed: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Amritsar Bench consisting of M L Meena, Accountant Member and Anikesh Banerjee, Judicial Member has held that non-capitalisation interest of loan on plant...
![Interest of Loans on Plant & Machinery and CWP cannot be capitalised and Disallowed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Interest-of-loans-Plant-Machinery-CWP-capitalised-Disallowed-ITAT-Taxscan.jpeg "Interest of Loans on Plant & Machinery and CWP cannot be capitalised and Disallowed: ITAT [Read Order]")