![Disallowance made by Interpreting Revenue Expenditure as Capital Loss not Sustained: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/07/Revenue-Expenditure-Bombay-HC-Taxscan.jpg "Disallowance made by Interpreting Revenue Expenditure as Capital Loss not Sustained: ITAT [Read Order]")
Disallowance made by Interpreting Revenue Expenditure as Capital Loss not Sustained: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) in Delhi held that interpretation of the transaction of loss of security in the nature of revenue expenditure...
![Foreign Exchange Loss to be allowed as Revenue Expenditure and is to be charged into the Profit and Loss Account: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/11/Foreign-Exchange-ITAT-Taxscan.jpg "Foreign Exchange Loss to be allowed as Revenue Expenditure and is to be charged into the Profit and Loss Account: ITAT [Read Order]")
![Expenditure incurred to Repair or Renovate existing Make-up Rooms are Revenue in Nature: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/10/Maintenance-Repair.jpg "Expenditure incurred to Repair or Renovate existing Make-up Rooms are Revenue in Nature: ITAT [Read Order]")
![Deduction allowable on Expenses towards Improvisation in Process and Technology which are Supplemental to Business: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/deduction.jpg "Deduction allowable on Expenses towards Improvisation in Process and Technology which are Supplemental to Business: ITAT [Read Order]")
![Peripheral Development Expenditure as part of CSR is Revenue Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/03/Revenue-Expenditure-Taxscan.jpg "Peripheral Development Expenditure as part of CSR is Revenue Expenditure: ITAT [Read Order]")
![Project Development Expenditure is Revenue in Nature, Allowable u/s 37(1): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Expenditure-Reliance-Digital-Taxscan.jpg "Project Development Expenditure is Revenue in Nature, Allowable u/s 37(1): ITAT [Read Order]")
![Software Expenses incurred by Bank are Revenue in Nature: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/01/Software-Taxscan.jpg "Software Expenses incurred by Bank are Revenue in Nature: Delhi HC [Read Judgment]")
ITAT Allows Deduction for Expenses incurred on Replantation without any Expansion of Plantation Area or Re-plantation in an Abandoned Area [Read Order]
In the case between Assistant Commissioner of Income Tax and M/s Gillanders Arbuthnot & Co Ltd, Kolkata bench of Income Tax Appellate Tribunal (ITAT) recently held that expenses incurred on plants...
![ITAT Allows Deduction for Expenses incurred on Replantation without any Expansion of Plantation Area or Re-plantation in an Abandoned Area [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Deduction-Taxscan.jpg "ITAT Allows Deduction for Expenses incurred on Replantation without any Expansion of Plantation Area or Re-plantation in an Abandoned Area [Read Order]")
Loss on Forfeiture of Shares is Revenue Expenditure If Assessee is a Trader in Shares: ITAT [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal ( ITAT ) in the case of Tanvi Financial Services Private Limited v. Income Tax Officer ruling in favor of the assessee held that a loss on...
Payment made for Upgradation of Technology, because of rapid replacement and constant need for existence, is Revenue Expenditure: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal recently ruled that the payment incurred for the upgradation of technology, because of rapid replacement and constant need for existence, are...
Franchise Fee paid by Kolkata Knight Riders to BCCI is Revenue Expenditure: ITAT Allows Deduction [Read Order]
Payment of Franchise Fee by Kolkata Knight Riders to the Board of Control for Cricket in India (BCCI) would constitute revenue expenditure for the purpose of allowing Income tax deduction, said Mumbai...
![Franchise Fee paid by Kolkata Knight Riders to BCCI is Revenue Expenditure: ITAT Allows Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Kolkata-Knight-Riders-Taxscan.jpg "Franchise Fee paid by Kolkata Knight Riders to BCCI is Revenue Expenditure: ITAT Allows Deduction [Read Order]")