Judiciary by Tag

Home > Judiciary > Search Results For expenditure

Please Wait ..

Search Results for : expenditure

Still Unable To Find Results. Click Here To Search Entire Site.

Pages : 4

Displaying 1 - 20 of 68 in 4 pages

Income Tax : No disallowance under section 14A can be made if assessee has not incurred and claimed any expenditure on exempt income

Facts in brief:- The assessee is a Private Limited Company. It filed its return of income on 26.9.20

...more

Income Tax : Section 32 applied only on capital expenditure not on revenue for any reason

That the Ld. Commissioner of Income Tax (A) erred on facts and in law in confirming the disallowance

...more

Income Tax : Allow ability of expenditure for Income tax assessment

The facts of the case of the appellant are very simple in the sense that the assessee firm has debit

...more

Income Tax : No concept of deferred revenue expenditure under the Income Tax Act and integral part of the computer entitled to depreciation at 60%

The grounds raised read as under:- “1. Whether the Ld. Commissioner of Income Tax (A) was correct

...more

Income Tax : Expenditure on income not forming part of taxable income

Facts, in brief, as per relevant orders are that return declaring loss of ``5,51,91,000/- filed on 2

...more

Income Tax : All acesesories of computer cannot work in isolation allowed depreciation @60% and expenditure on exempt income cannot be allowed

There are several ground raised by Revenue as well as assessee please check the judgment to obtain t

...more

Income Tax : Explanaion of section 73 is not applied in the transaction of govt securities and expenditure claimed must be accompanied by evidence

The learned Assessing Officer has erred in disallowing Rs. 25.00 lacs, on ad hoc basis, towards shar

...more

Income Tax : If expenditure incurred has direct nexus with its income generating apparatus can be claimed as revenue expenditure

Brief facts are: The assessee is engaged in the manufacturing of hardware made of brass such as elec

...more

Income Tax : Salary paid to expatriate fro Head Offie to Branch was an expenditure to be fully allowed without restriction of section 44C of the Act

It is, thus, evident that DTAA recognizes the fact that the amendments made in the IT Act are not af

...more

Income Tax : When nither proof in support of claim can be requisitioned nor expenditure can be judged it is not possible ti interfere with the finding of the CIT

Capital expenditure debited to P&L account: In the Tax Audit Report, the auditor has identified the

...more

Income Tax : AO has to determine amount of such expenditure on the basis of a reasonable and acceptable method of apportionment to disallow under sec 14A

The only issue for consideration relates to disallowance u/s 14A of the Act. The facts of the case s

...more

Income Tax : After establishment and before commencement expenditure under sec 35 can claim as revenue expenditure

Briefly stated assessee is in the business of manufacturing of Tocopherol Vitamin-E and mixed Tocoph

...more

Income Tax : Provisions of section 40(a) are not applicable in case of charitable trust or institution where income and expenditure is computed in terms of section 11

The relevant facts for adjudication of ground No.1 are that the assessee is a charitable institution

...more

Income Tax : Cost of construction based on actual expenditure is to be considered in computation of capital gain

The facts mentioned in the assessment order are that the return declaring total income of Rs. 51,27,

...more

Income Tax : It is the burden of the assessee to proof that the expenditure related to the business and depreciation on computer can be claimed at 60%

We have carefully considered the arguments of both the sides and perused the material placed before

...more

Income Tax : Sec 14A restrict the allowance of expenditure related to exempted income subject to the date of introduction of rule 8D

We have heard both the parties and gone through the facts of the case as also the aforesaid decision

...more

Income Tax : Expenditure on exempted income cannot allowed but it can disallowed only to the extent claim by the assessee

At the time of hearing before us, it is stated by the learned counsel for the assessee that there ar

...more

Income Tax : On the termination of royalty agreement for training it cannot be returned expenses incurred on such training can be treated as capital expenditure

From the observation we can find the following fact, it is very clear that assessee has not obtained

...more

Income Tax : The Expenditure incurred in relation to new plant which was still un-constructed was not revenue expenditure

It would be appropriate to give a brief background of the case before we proceed to deal with the mi

...more

Income Tax : In case of any substantial increase in the regular expenditure details of that increase mount must be shown otherwise expenditure will be disallowed

The facts of the case are that the assessee company is engaged in establishing, developing and runni

Sign-in to your account

Sign-up now

Quick Links

Browse By Category