![Expenditure incurred on Leased Property to produce Right Ambience to Attract Customers is Allowable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Expenditure-Leased-Property-Right-Ambience-Attract-Customers-Customers-ITAT-Taxscan.jpg "Expenditure incurred on Leased Property to produce Right Ambience to Attract Customers is Allowable: ITAT [Read Order]")
Expenditure incurred on Leased Property to produce Right Ambience to Attract Customers is Allowable: ITAT [Read Order]
The Income Tax Appellate Tribunal, Chennai bench has held that the amount of expenses incurred on a leased property in order to produce the right...
![Bombay HC quashes Section 148 Notices as Assessment could not have been reopened at all by Jurisdictional Assessment Officer [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/02/Bombay-High-Court-Section-148-notices-assessment-Jurisdictional-Assessment-Officer-Assessment-Officer-Taxscan.jpeg "Bombay HC quashes Section 148 Notices as Assessment could not have been reopened at all by Jurisdictional Assessment Officer [Read Order]")
![Expenditure on Interest for delayed payment of Service Tax is eligible for allowance as Revenue Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/Expenditure-on-interest-delayed-payment-service-tax-revenue-expenditure-ITAT-Taxscan.jpg "Expenditure on Interest for delayed payment of Service Tax is eligible for allowance as Revenue Expenditure: ITAT [Read Order]")
![Relief to Lifestyle International: ITAT deletes the disallowance on Professional Fee [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Lifestyle-International-ITAT-disallowance-on-professional-fee-Taxscan.jpeg "Relief to Lifestyle International: ITAT deletes the disallowance on Professional Fee [Read Order]")
![Madras High Court disallows Interest and Additional Expenditure incurred on account of Exchange Fluctuation [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/10/Madras-High-Court-disallows-Interest-Additional-Expenditure-incurred-account-Exchange-Fluctuation-Taxscan-1.jpeg "Madras High Court disallows Interest and Additional Expenditure incurred on account of Exchange Fluctuation [Read Judgment]")
ITAT directs Assessing Officer to allow Credit of TDS to Honda Motorcycle and Scooters India [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench directed the Assessing Officer to allow the credit of TDS to Honda Motorcycle and Scooters India. The Appellant, Honda Motorcycle and Scooters...
![ITAT directs Assessing Officer to allow Credit of TDS to Honda Motorcycle and Scooters India [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/10/ITAT-Assessing-Officer-TDS-Honda-Motorcycle-Taxscan.jpg "ITAT directs Assessing Officer to allow Credit of TDS to Honda Motorcycle and Scooters India [Read Order]")
![Expenses incurred for Buy-Back of Shares amount to Revenue Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/ITAT-expenses-Buy-Back-Shares-Revenue-Expenditure-Taxscan.jpg "Expenses incurred for Buy-Back of Shares amount to Revenue Expenditure: ITAT [Read Order]")
Assets brought into existence for enduring benefit of business to be treated as Capital Expenditure & not Revenue Expenditure: Karnataka HC
The Karnataka High Court while upholding the order of the tribunal held that asset was brought into existence for the enduring benefit of the business and therefore, the same has to be treated as...
![Expenditure on Replacement of Jigs and Fixtures is Revenue Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/08/ITAT-Expenditure-Taxscan.jpg "Expenditure on Replacement of Jigs and Fixtures is Revenue Expenditure: ITAT [Read Order]")
ITAT allows Deduction on Legal and Professional Fees incurred to improve day to day working of Company [Read Order]
The Income Tax Appellate Tribunal (ITAT) of Ahmedabad held that General Deduction allowable on Legal and Professional Fees incurred for the improvement of day to day working of Company. During the...
![ITAT allows Deduction on Legal and Professional Fees incurred to improve day to day working of Company [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/ITAT-Legal-Deduction-Legal-Professsional-Fees-Taxscan.jpg "ITAT allows Deduction on Legal and Professional Fees incurred to improve day to day working of Company [Read Order]")
![Receipts from Carbon Credit is not Business Income: ITAT disallows Deduction Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Carbon-Credit-ITAT-Deduction-Claim-Taxscan.jpg "Receipts from Carbon Credit is not Business Income: ITAT disallows Deduction Claim [Read Order]")
![Lawyer Fee can be deducted from Taxable Income: Gujarat High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/01/Lawyer-Fee-Taxable-Income-Expenditure-Gujarat-High-Court-Taxscan.jpg "Lawyer Fee can be deducted from Taxable Income: Gujarat High Court [Read Order]")