Search Results for Tag : Expenses

Judgments

Assessee is not required to deduct tax at source on payments of foreign agency commission(24.06.2020)

Present appeal by Assessee has been directed against the Order of the Learned CIT(A), for the Assessment year (AY) 2014-2015, challenging the addition.....

Tags : Expenses, Foreign agency commission, Addition

Assessing Officer is not empowered to make disallowance on ad-hoc basis without assigning any reason(27.07.2022)

The assessee is a firm engaged in the business of import of plastic scrap from European countries, USA and countries situated in UAE. The AO noticed t.....

Tags : Disallowablility, Expenses, Ad- hoc basis

Section 14A of IT Act will not apply, if no exempt income is received or receivable during the relevant previous year(06.10.2022)

Present Income Tax Appeal has been filed challenging the Impugned Order passed by the Income Tax Appellate Tribunal ('ITAT') for the Assessment Year 2.....

Tags : Assessment, Expenses, Interest

A candidate is disqualified on his failure to lodge true, correct and genuine account of his bona fide election expenses(14.07.2017)

Petitioner is aggrieved by order passed by Chief Election Commission vide which Petitioner stood disqualified under Section 10-A of Representation of .....

Tags : Election expenses, Account, Disqualification

Assessee need not to demonstrate commercial expediency in each year concerning a loan transaction(10.07.2023)

In facts of present case, the Assessing Officer (AO) concluded that, the disallowance was mandated in view of the fact that the Respondent/Assessee ha.....

Tags : Assessment, Interest expenses, Disallowance

Commissioner cannot usurp Department’s plausible view(11.05.2016)

View taken by Assessing Officer, so long as it is a possible view, cannot be interfered by Commissioner under Section 263 of Income Tax Act 1961.
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Tags : Income tax, expenses, further information

News

ITAT, Bangalore: No Disallowance of Interest Expenses on Account of Non-Deduction of TDS(12.02.2020)

Income Tax Appellate Tribunal (ITAT), Bangalore has held that there should be no disallowance of interest expenses on account of non- deduction of Tax.....

Tags : Income Tax Appellate Tribunal, No Disallowance of Interest Expenses

ITAT, Delhi: Pre-Operative Expenses Cannot be Allowed as Business Expense(14.02.2020)

Income Tax Appellate Tribunal (ITAT), Delhi has held that the expenses which are incurred before the operation of a company are called preoperative ex.....

Tags : Income Tax Appellate Tribunal, Pre-Operative Expenses

ITAT, Ahmedabad: No Disallowance for Interest Expenses if Investment to Acquire Control(03.02.2022)

Income Tax Appellate Tribunal (ITAT), Ahmedabad has held that no disallowance can be made for interest expenses if the investment was made to acquire .....

Tags : Income Tax Appellate Tribunal, No Disallowance for Interest Expenses

Chhattisgarh HC: Marriage Expenses Can be Claimed by Unmarried Daughter(01.04.2022)

Chhattisgarh High Court has observed that marriage expenses can be claimed by an unmarried daughter from her parents under the provisions of the Hindu.....

Tags : Chhattisgarh High Court, Hindu Adoptions and Maintenance Act, 1956, unmarried daughter, marriage expenses

Personal Expenses of Directors of Company Can’t be Disallowed Without Sufficient Proof: ITAT(24.09.2018)

Delhi bench of ITAT, has held that while deleting an addition against the assessee-Company, that the personal expenses of the Directors/ Office bearer.....

Tags : ITAT, Personal Expenses of Directors

Madras HC: Amount Paid through Insurance in Mediclaim Deductible from Compensation in Motor Accident(25.05.2022)

Madras High Court has held that the compensation for medical expenses is a matter of reimbursement and hence, once the insurance company has chosen to.....

Tags : Madras HC, Medical Expenses, Compensation

SC Rejects Plea to Reduce Time for Filing of Accounts of Election Expenses(04.10.2018)

Supreme Court has dismissed a PIL seeking a direction to the Government of India to heed the Election Commission’s proposal and take steps to reduce t.....

Tags : Supreme Court, Election Expenses

ITAT, Chennai: No TDS on Advertisement Expenses Paid to Online Platforms(22.04.2022)

Income Tax Appellate Tribunal, Chennai, while granting relief to Matrimony.com, has held that Tax Deducted at Source shall not be paid on advertisemen.....

Tags : Income Tax Appellate Tribunal, Matrimony.com, Tax Deducted at Source, advertisement expenses, Facebook Ireland

Madras HC Directs EC to File Affidavit on Assembly Polls Expenses(15.11.2016)

Madras High Court has directed Election Commission (EC) to file an affidavit of expenses incurred for conduct of Assembly Elections to Aravakurichi an.....

Tags : Madras High Court, Election Commission, Polls Expenses

ITAT, Bangalore: No TDS Applicable on Reimbursement of Actual Cab Expenses(04.12.2020)

Income Tax Appellate Tribunal (ITAT), Bangalore has held that no TDS (Tax Deducted at Source) is applicable on the reimbursement of the actual cab exp.....

Tags : Income Tax Appellate Tribunal, Reimbursement of Cab Expenses

ITAT: Expenses Cannot be Disallowed Solely Due to Non-Receipt of Invoices(08.07.2022)

Income Tax Appellate Tribunal (ITAT), Mumbai Bench while granting relief to L’Oreal India Private Limited, has held that expenses cannot be disallowed.....

Tags : ITAT, Expenses, Disallowed, Invoices

ITAT: CSR Expenses, Contribution to CM’s Relief Fund Eligible for Income Tax Exemption(11.07.2022)

Income Tax Appellate Tribunal (ITAT), Delhi Bench has held that the CSR expenses incurred by the Company and the contribution towards CM’s Relief Fund.....

Tags : ITAT, CSR Expenses, CM’s Relief Fund, Exemption

ITAT: Law Does Not Mandate Written Agreement to Prove Commission Expenses(13.06.2022)

Income Tax Appellate Tribunal (ITAT), Delhi bench while deleting an order disallowing expenses has held that there is no law that mandates a written a.....

Tags : ITAT, Written Agreement, Commission Expenses

ITAT: Payment of Consultation Fee After IT Dept.’s Order Cannot be Treated as Prior Period Expenses(20.06.2022)

Income Tax Appellate Tribunal (ITAT), Mumbai Bench has held that payment of Tax Consultation Fee after passing of Order by Income Tax Department canno.....

Tags : ITAT, Tax Consultation Fees, Prior Period Expenses

Calcutta HC Orders University Students to Pay Medical Expenses of Students Injured During Raging(23.05.2022)

Calcutta High Court on Thursday has directed students of a university who had been found to have engaged in ragging to pay for the medical treatment o.....

Tags : Calcutta High Court, Ragging, Medical Expenses

Can't Claim Exorbitant Amounts from Parents Towards 'Marriage Expenses': Kerala HC(29.01.2019)

Kerala High Court has observed that only the minimum amount required for conducting a simple marriage function can be claimed by a daughter as 'marria.....

Tags : Kerala High Court, Marriage Expenses

SC: Ethically Wrong for Estranged Daughter-in-Law to Make Mother-in-Law Bear Expenses of Children(16.09.2020)

Supreme Court has said it was ethically wrong to rope in a mother-in-law and bind her through a Court order to bear the educational expenses of her gr.....

Tags : Supreme Court, Mother-in-Law, Bearing Expenses of Children

ITAT: Employee Welfare Expenses Cannot be Included in Fringe Benefits Tax(09.08.2022)

Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench has held that the Employee Welfare expenses cannot be included in the value of Fringe Benefits T.....

Tags : ITAT, Welfare Expenses, Fringe Benefits Tax

Supreme Court Directs Home Ministry to Audit Jail Expenses(23.02.2017)

Supreme Court, while unearthing “huge discrepancy” in jail accounts, has asked Home Ministry to take assistance of the Comptroller and Auditor-General.....

Tags : Supreme Court, Jail Expenses

ITAT, Mumbai: Leaseholder’s Expenses Not Capital Expenditure(23.02.2021)

Income Tax Appellate Tribunal (ITAT) Mumbai, has ruled that lease-holder’s expenses are not liable to be considered as capital expenditure for the pur.....

Tags : Income Tax Appellate Tribunal, Leaseholder’s Expenses

ITAT, Bangalore Confirms Disallowance of Advertisement Expenses(08.12.2020)

Income Tax Appellate Tribunal (ITAT), Bangalore has confirmed the disallowance of advertisement expenses relating to the construction of the swimming .....

Tags : Income Tax Appellate Tribunal, Advertisement Expenses

ITAT, Pune: Reimbursement on Welfare Expenses Incurred by Multinationals in India Not Taxable(18.05.2021)

Income Tax Appellate Tribunal (ITAT), Pune has said that reimbursement on welfare expenses incurred by multinationals in India shall not be taxable if.....

Tags : Income Tax Appellate Tribunal, Reimbursement on Welfare Expenses Incurred by Multinationals in India

Delhi HC: Issue as to Which Party Would Bear GST Expenses Under Agreement is Arbitrable(08.12.2022)

Delhi High Court has held that an issue that relates to the inter se liability of the parties regarding the burden of GST is not related to the taxing.....

Tags : Delhi High Court, GST Expenses, Arbitrable

AAR, UP: CSR Expenses Incurred in Course of Business Eligible for Input Tax Credit(12.04.2021)

Authority for Advance Ruling (AAR), Uttar Pradesh has ruled that the corporate social responsibility expenses are incurred by a company in the course .....

Tags : Authority for Advance Ruling, CSR Expenses

Delhi High Court Disposes Plea Alleging Modi Filed Incorrect Poll Expenses(05.08.2015)

Delhi High Court has disposed a plea alleging that Prime Minister Narendra Modi gave an "incorrect account" of his poll expenditure in Varanasi during.....

Tags : Delhi High Court, Modi, Poll expenses

Ker. HC: Unmarried Daughter has Right to Receive Reasonable Marriage Expenses from Her Father(19.04.2023)

Kerala High Court while observing that right of an unmarried daughter to get reasonable expenses concerning her marriage from her father cannot have a.....

Tags : Kerala High Court, Unmarried Daughter, Reasonable Marriage Expenses

Ker. HC: Child's Educational Expenses Not Maintenance U/S 125 CrPC if Reimbursed By Employer(11.08.2023)

Kerala High Court has held that payment of educational expense of children, which was later reimbursed by employer, cannot be treated as the maintenan.....

Tags : Kerala High Court, Educational Expenses, Maintenance, Reimbursed

Hindu Daughter Can Claim Marriage Expenses From Father: Kerala High Court(11.01.2018)

Kerala High Court has held that an unmarried Hindu daughter has the legal right to claim from her father reasonable expenses for marriage.

Tags : Kerala High Court, Marriage Expenses

ITAT, Delhi: Petty Expenses Cannot be Disallowed on Ad-Hoc Basis in Corporate Entity(12.01.2022)

Income Tax Appellate Tribunal (ITAT), Delhi has held that the petty expenses relating to telephone expenses, advertisement expenses cannot be disallow.....

Tags : Income Tax Appellate Tribunal, Petty Expenses

ITAT, Bangalore: Reimbursement of Vehicle Expenses by Cab Owners Not Subject to TDS(27.02.2020)

Income Tax Appellate Tribunal (ITAT), Bangalore has held that the payments made by the cab owners which are in the nature of reimbursement of vehicle .....

Tags : Income Tax Appellate Tribunal, Reimbursement of Vehicle Expenses by Cab Owners

MP HC Dismisses PIL for Fixing Ceiling Limit on Expenses Incurred in Local Body Elections(03.03.2022)

Madhya Pradesh High Court has dismissed a Public Interest Litigation, which had sought for the Court's direction to the state government to take a fin.....

Tags : Madhya Pradesh High Court, Expenses, Local Body Elections

Kerala HC Asks Assistant Passport Officer in Kottayam to Shell Out Litigation Expenses from Salary(04.03.2022)

Kerala High Court has asked an Assistant Passport Officer in Kottayam to shell out litigation expenses amounting to Rs. 25,000 from his own salary for.....

Tags : Kerala High Court, Litigation Expenses from Salary

Delhi HC Sets Aside Order Rejecting Claim for Reimbursement of Medical Expenses(28.12.2021)

Delhi High Court has set aside the order passed by the Government of National Capital Territory of Delhi rejecting the claim of the petitioner, a reti.....

Tags : Delhi High Court, Reimbursement of Medical Expenses

ITAT: VAT Expenses on Deemed Import Eligible to be Set Off Against VAT Output(31.12.2021)

Income Tax Appellate Tribunal (ITAT), Ahmedabad has held that the Value Added Tax (VAT) expenses on deemed import are eligible to be set off against t.....

Tags : Income Tax Appellate Tribunal, VAT Expenses on Deemed Import

ITAT, Bangalore: Warrant Expenses are Deductible from Book Profit(11.03.2020)

Income Tax Appellate Tribunal (ITAT), Bangalore has held that the warrant expenses should be deducted from the book profit under Section 115JB of the .....

Tags : Income Tax Appellate Tribunal, Warrant Expenses