![Payment of Monthly Retainership Fees to Chartered Accountant is Not “Capital” in Nature: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Payment-of-Monthly-Retainership-Fees-Retainership-Fees-Chartered-Accountant-Income-Tax-ITAT-taxscan.jpg "Payment of Monthly Retainership Fees to Chartered Accountant is Not “Capital” in Nature: ITAT [Read Order]")
Payment of Monthly Retainership Fees to Chartered Accountant is Not “Capital” in Nature: ITAT [Read Order]
The Delhi bench of Income Tax Appellate Tribunal (ITAT) recently held that payment of monthly retainership fees to Chartered Accountants is not...
![CSR Expenditure Deductible u/s 37(1) of Income Tax Act: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/CSR-Expenditure-Income-Tax-Act-Income-Tax-Delhi-Highcourt-taxscan.jpg "CSR Expenditure Deductible u/s 37(1) of Income Tax Act: Delhi HC [Read Order]")
![Advertisement Expenses incurred for Personal purposes not allowable as Deduction u/s 37(1): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Advertisement-Expenses-Deduction-ITAT-taxscan.jpg "Advertisement Expenses incurred for Personal purposes not allowable as Deduction u/s 37(1): ITAT [Read Order]")
![Marketing and Survey Expenses are allowable as Deduction u/s 37(1) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Marketing-and-Survey-Expenses-Marketing-Survey-Expenses-Deduction-Income-Tax-Act-Income-Tax-ITAT-Tax-Taxscan.jpg "Marketing and Survey Expenses are allowable as Deduction u/s 37(1) of Income Tax Act: ITAT [Read Order]")
![Freebies to Medical Practitioners are prohibited by Law, Income Tax Deduction u/s 37(1) not allowable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Medical-Practitioners-Law-Income-Tax-Deduction-Income-Tax-ITAT-taxscan.jpg "Freebies to Medical Practitioners are prohibited by Law, Income Tax Deduction u/s 37(1) not allowable: ITAT [Read Order]")
Interest paid on Belated Payments of Service Tax is allowable for deduction u/s 37(1) Income Tax Act: ITAT [Read Order]
In a recent ruling, Chennai Bench of the Income Tax Appellate Tribunal (ITAT) presided over by a Judicial Member V. Durga Rao and an Accountant Member G. Manjunatha decided that the interest paid on...
![Interest paid on Belated Payments of Service Tax is allowable for deduction u/s 37(1) Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Interest-paid-Belated-Payments-Service-Tax-Payments-deduction-Income-Tax-Act-Income-Tax-ITAT-taxscan.jpg "Interest paid on Belated Payments of Service Tax is allowable for deduction u/s 37(1) Income Tax Act: ITAT [Read Order]")
Voluntarily Disallowance of CSR Expenditure u/s 37(1) by Assessee: ITAT deletes Income Tax Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), deleted addition on the ground that there was voluntary disallowance of CSR under Section 37(1) of the Income Tax Act, 1961 by the assessee, Agappe...
![Voluntarily Disallowance of CSR Expenditure u/s 37(1) by Assessee: ITAT deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Disallowance-CSR-Expenditure-Assessee-ITAT-Income-Tax-Addition-taxscan.jpg "Voluntarily Disallowance of CSR Expenditure u/s 37(1) by Assessee: ITAT deletes Income Tax Addition [Read Order]")
Freebies to Doctors illegal and does not fall under 'Business Promotion Expenses': ITAT upholds Disallowance against Mankind Pharma Ltd [Read Order]
The Income Tax Appellate Tribunal(ITAT) at Delhi has recently observed in a major denial of relief against assessee, Mankind Pharma Ltd. that, freebies given to doctors are illegal and does not fall...
![Freebies to Doctors illegal and does not fall under Business Promotion Expenses: ITAT upholds Disallowance against Mankind Pharma Ltd [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Freebies-Doctors-illegal-Business-Promotion-Expenses-ITAT-Mankind-Pharma-Ltd-taxscan.jpg "Freebies to Doctors illegal and does not fall under Business Promotion Expenses: ITAT upholds Disallowance against Mankind Pharma Ltd [Read Order]")
Transfer Fee Paid in Connection with Transfer of Licence is Capital Expenditure and Hence Deductible From Taxable Income: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Pune, has, in a recent appeal filed before it, held that transfer fee paid in connection with the transfer of licence is capital expenditure and hence, that...
![Transfer Fee Paid in Connection with Transfer of Licence is Capital Expenditure and Hence Deductible From Taxable Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Transfer-Fee-Transfer-of-Licence-Capital-Expenditure-Taxable-Income-ITAT-taxscan.jpeg "Transfer Fee Paid in Connection with Transfer of Licence is Capital Expenditure and Hence Deductible From Taxable Income: ITAT [Read Order]")
![Interest Paid on Delayed TDS Payment is allowable as Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Interest-Paid-TDS-Payment-Deduction-ITAT-TAXSCAN.jpeg "Interest Paid on Delayed TDS Payment is allowable as Deduction: ITAT [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]
A division bench of the Delhi High Court has held that the difference between the price at which stock options were offered to employees of the appellant company under ESOP and ESPS and the...
![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]")