#section 37(1)
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555 articlesIncome Tax

Income Tax
License Fees for Goodwill acquisition Allowed as Expense U/S 37: Delhi HC
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HC refused to de-freeze account of company dishonestly inducing investors to invest in cloud particles
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Details/ documents proved genuineness of purchases hence bogus purchase addition deleted
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Income Tax
Union Budget 2025-26 – Corporate Tax Wishlist
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Cost imposed on assessee for non-compliance with notices issued by CIT(A) u/s. 250
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Sales promotion expense allowed as deduction u/s. 37(1) as evidences duly produced: ITAT Kolkata
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Non-Appearance before CIT (A) due to mismanagement of state of affairs: ITAT remanded matter with cost
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P.F. damages that are compensatory in nature are allowable as deduction u/s. 14B
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Denial of FTC as income not offered to tax in the considered year not justifiable
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Addition set aside as construction expense inadvertently mentioned as commission expense
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Income Tax
Addition towards contribution to unrecognized provident fund rightly deleted
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Transaction already affirmed by Court during demerger cannot be again questioned by income tax department
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Deduction u/s. 37(1) allowable towards ESOP expense since it is not contingent or notional
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Income Tax
