![Amount Incurred towards Optic Fibre Cables is Revenue Expenditure since it was incurred on a recurring basis and there is no enduring Value Benefit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/07/Revenue-Expenditure-Bombay-HC-Taxscan.jpg "Amount Incurred towards Optic Fibre Cables is Revenue Expenditure since it was incurred on a recurring basis and there is no enduring Value Benefit: ITAT [Read Order]")
Amount Incurred towards Optic Fibre Cables is Revenue Expenditure since it was incurred on a recurring basis and there is no enduring Value Benefit: ITAT [Read Order]
The Income Tax Appellate Tribunal recently held that the amount incurred towards optic fiber cables is revenue expenditure under the Income Tax Act...
![Payment of ‘Non-Competent Fee’ is Revenue Expenditure If assessee availed Other Services under the Agreement: ITAT Hyderabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/08/Non-Compete-Fee-Taxscan.jpg "Payment of ‘Non-Competent Fee’ is Revenue Expenditure If assessee availed Other Services under the Agreement: ITAT Hyderabad [Read Order]")
![Entire Expenditure on an Abandoned Project Development should be Allowed as Deduction: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Deduction-Taxscan.jpg "Entire Expenditure on an Abandoned Project Development should be Allowed as Deduction: ITAT Kolkata [Read Order]")
![Compensation paid in connection Mining Activity for the Infringement of Land Owners’ Right is Revenue Expenditure: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/06/Compensation-Taxscan.jpg "Compensation paid in connection Mining Activity for the Infringement of Land Owners’ Right is Revenue Expenditure: ITAT Kolkata [Read Order]")
Pre-Operative Expenses are ‘Revenue’ in Nature though It was Shown as Capital in the Books of Accounts: Bombay HC [Read Order]
A division bench of the Bombay High Court recently held that pre-operative expenses incurred by the assesse-Companies are ‘revenue’ in nature even if the same was shown as capital in the Books of...
Expenditure towards Payment of Guarantee Commission to Bank is Revenue Expenditure: Bombay HC [Read Order]
The Bombay High Court in Bajaj Tempo Ltd. Pune v. CIT, held that the guarantee commission paid to the bankers for securing timely repayment of credit facility and loan from Financial Institutions for...
![Purchase of Sales Tax Exemption Certificate is Revenue Expenditure: ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "Purchase of Sales Tax Exemption Certificate is Revenue Expenditure: ITAT Mumbai [Read Order]")
Expenditure Incurred on Issuance of Debentures is Revenue Expenditure: ITAT Bangalore allows Deduction [Read Order]
In Shanders Properties Pvt. Ltd v. ITO, the ITAT Bangalore directed the AO to allow the expenditure incurred in relation to issuance of debentures as it constitute revenue expenditure under the...
![Expenditure Incurred on Issuance of Debentures is Revenue Expenditure: ITAT Bangalore allows Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/05/Debuntures.jpg "Expenditure Incurred on Issuance of Debentures is Revenue Expenditure: ITAT Bangalore allows Deduction [Read Order]")
Expenditure Incurred on IPL Sponsorship should be allowed as ‘Revenue Expenditure’: ITAT Mumbai [Read Order]
In a significant ruling, the Income Tax Appellate Tribunal, Mumbai held that the expenditure incurred on Indian Premier League (IPL) should be allowed as “revenue expenditure” under the provisions of...
![Expenditure Incurred on IPL Sponsorship should be allowed as ‘Revenue Expenditure’: ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/04/IPL-Taxscan.jpg "Expenditure Incurred on IPL Sponsorship should be allowed as ‘Revenue Expenditure’: ITAT Mumbai [Read Order]")
Lease Compensation Charges are ‘Revenue Expenditure’, Allowable as Deduction u/s 36(1)(iii): Madras HC [Read Judgment]
The division bench of Madras High Court held that, Lease compensation charges should be treated as ‘revenue expenditure’ and hence allowable as deduction under section 36(1)(iii) of the Income Tax...
![Lease Compensation Charges are ‘Revenue Expenditure’, Allowable as Deduction u/s 36(1)(iii): Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Madras-High-Court-Tax-Scan-1.jpg "Lease Compensation Charges are ‘Revenue Expenditure’, Allowable as Deduction u/s 36(1)(iii): Madras HC [Read Judgment]")
Royalty and Fee for Technical Assistance are Revenue Expenditure and not Capital in nature: Allahabad HC [Read Order]
The division bench of Allahabad High Court held that, payment of royalty and fee for technical assistance paid to Japaneese Company M/s Hongo is an allowable business expenditure and cannot be held as...
![Royalty and Fee for Technical Assistance are Revenue Expenditure and not Capital in nature: Allahabad HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/03/Revenue-Expenditure-Taxscan.jpg "Royalty and Fee for Technical Assistance are Revenue Expenditure and not Capital in nature: Allahabad HC [Read Order]")