![Unadjusted CENVAT Credit left on Closure of Manufacturing Unit which cant be used further shall be allowable as Business Expenditure u/s 37(1): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/CENVAT-Credit-Manufacturing-Unit-Business-Expenditure-ITAT-taxscan.jpg "Unadjusted CENVAT Credit left on Closure of Manufacturing Unit which cant be used further shall be allowable as Business Expenditure u/s 37(1): ITAT [Read Order]")
Unadjusted CENVAT Credit left on Closure of Manufacturing Unit which can't be used further shall be allowable as Business Expenditure u/s 37(1): ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the unadjusted CENVAT credit left on the closure of the manufacturing unit...
![Salary Paid to Vice President of Company allowable as Expenditure u/s 37(1) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Salary-Paid-Vice-President-of-Company-Expenditure-Income-Tax-Act-ITAT-taxscan.jpg "Salary Paid to Vice President of Company allowable as Expenditure u/s 37(1) of Income Tax Act: ITAT [Read Order]")
![Repair and Maintenance Expenses are Revenue in Nature: ITAT Allows Deduction u/s 37(1) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Repair-Maintenance-Expenses-Revenue-Nature-ITAT-Deduction-taxscan.jpeg "Repair and Maintenance Expenses are Revenue in Nature: ITAT Allows Deduction u/s 37(1) [Read Order]")
![Investment made from Interest Free Own Funds: ITAT deletes Disallowance of Interest [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Investment-Interest-Free-Funds-ITAT-Disallowance-Interest-taxscan.jpg "Investment made from Interest Free Own Funds: ITAT deletes Disallowance of Interest [Read Order]")
![Claim of Expense Towards Petrol and Maintenance of Car Substantiated with Corroborative Documentary Evidence: ITAT deletes Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Claim-Claim-of-Expense-Claim-of-Expense-Towards-Petrol-Claim-of-Expense-Towards-Petrol-and-Maintenance-of-Car-taxscan.jpg "Claim of Expense Towards Petrol and Maintenance of Car Substantiated with Corroborative Documentary Evidence: ITAT deletes Disallowance [Read Order]")
ITAT allows CSR Expenditure on Community Development, and Environment, Health and Safety Expenses [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT), allowed Corporate Social Responsibility (CSR) Expenditure on community development, and environment, health and safety expenses. The...
![ITAT allows CSR Expenditure on Community Development, and Environment, Health and Safety Expenses [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-CSR-Expenditure-Community-Development-Environment-Health-Safety-Expenses-TAXSCAN.jpg "ITAT allows CSR Expenditure on Community Development, and Environment, Health and Safety Expenses [Read Order]")
Failure to Justify Service render to AE: ITAT Upholds Disallowance of Payment of Agency Commission [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) while confirming the disallowance of payment of agency commission held that the assessee failed to justify the service render to...
![Failure to Justify Service render to AE: ITAT Upholds Disallowance of Payment of Agency Commission [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Failure-Associated-Enterprise-ITAT-Uphold-disallowance-Payment-Agency-Commission-income-tax-income-tax-taxscan.jpg "Failure to Justify Service render to AE: ITAT Upholds Disallowance of Payment of Agency Commission [Read Order]")
Failure to Substantiate Expenditure Incurred Exclusively for Business: ITAT Disallows Education Expenditure u/s 37(1) of Income Tax Act [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has disallowed the education expenditure under Section 37(1) of the Income Tax Act 1961 as the assessee failed to substantiate the expenditure...
![Failure to Substantiate Expenditure Incurred Exclusively for Business: ITAT Disallows Education Expenditure u/s 37(1) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Substantiate-Expenditure-Incurred-Exclusively-for-Business-Business-ITAT-Disallows-Education-Expenditure-Substantiate-Expenditure-Income-Tax-Act-Income-Tax-taxscan.jpg "Failure to Substantiate Expenditure Incurred Exclusively for Business: ITAT Disallows Education Expenditure u/s 37(1) of Income Tax Act [Read Order]")
Expenses incurred for Import of Rubber Process Oil eligible for Deduction u/s 37(1) Income Tax Act: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has recently held that expenses incurred for import of rubber process oil is eligible for deduction under Section 37(1) of the Income Tax...
![Expenses incurred for Import of Rubber Process Oil eligible for Deduction u/s 37(1) Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Expenses-incurred-for-Import-of-Rubber-Process-Oil-eligible-for-Deduction-Expenses-incurred-Expenses-Rubber-Process-Oil-Deduction-Income-Tax-Act-ITAT-Taxscan.jpg "Expenses incurred for Import of Rubber Process Oil eligible for Deduction u/s 37(1) Income Tax Act: ITAT [Read Order]")
![AO Travelled beyond Jurisdiction: ITAT quashes Disallowance on Lottery Expenses [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Jurisdiction-ITAT-Lottery-Expenses-Income-Tax-Tax-Taxscan.jpg "AO Travelled beyond Jurisdiction: ITAT quashes Disallowance on Lottery Expenses [Read Order]")
Certain Expenditure is Advantageous in Long run by Creating Goodwill Amounts to Business Expenditure: ITAT Allows Deduction u/s 37(1) to Maruti Suzuki [Read Order]
In a significant case, the Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) allowed the deduction under section 37(1) of the Income Tax Act 1961 to Maruti Suzuki and observed that certain...
![Certain Expenditure is Advantageous in Long run by Creating Goodwill Amounts to Business Expenditure: ITAT Allows Deduction u/s 37(1) to Maruti Suzuki [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Expenditure-Goodwill-Business-Expenditure-ITAT-Deduction-Maruti-Suzuki-Taxscan.jpg "Certain Expenditure is Advantageous in Long run by Creating Goodwill Amounts to Business Expenditure: ITAT Allows Deduction u/s 37(1) to Maruti Suzuki [Read Order]")
Advance to Subsidiary Company Written Off Due to Non-Repayment shall be Deductible u/s 37(1) of Income Tax Act: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) has held that the advance to the subsidiary company which was written off due to the non-repayment should be deductible under Section...
![Advance to Subsidiary Company Written Off Due to Non-Repayment shall be Deductible u/s 37(1) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Subsidiary-Company-Written-Off-Non-Repayment-Income-Tax-Act-ITAT-Taxscan.jpg "Advance to Subsidiary Company Written Off Due to Non-Repayment shall be Deductible u/s 37(1) of Income Tax Act: ITAT [Read Order]")