revenue expenditure Archives

Tata Steel’s contribution of Rs. 212.52 cr made to Compensatory Afforestation Fund to be treated as Revenue expenditure:Bombay High Court reiterates

The Court held that contribution to Compensatory Afforestation Fund will be considered as revenue expenditure and not capital in nature

Case Briefs Tribunals/Commissions/Regulatory Bodies

Whether expenditure incurred on replacements of old truck bodies will be treated as revenue expenditure? ITAT answers

Income Tax Appellate Tribunal, Kolkata: The Bench of Sonjoy Sarma (Judicial member) and Rajesh Kumar (Accountant Member) held that the expenditure incurred

Case Briefs Tribunals/Commissions/Regulatory Bodies

ITAT | Scholarship expenditure incurred by Sr. Advocate Harish Salve held is revenue expenditure incurred for promoting his professional profile, and thus allowable under S. 37(1) ITA

Income Tax Appellate Tribunal (ITAT): A Bench of Amit Shukla, Judicial Member and Prashant Maharishi, Accountant Member, allowed an income tax appeal filed