#section 37(1)
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615 articlesIncome Tax
Income Tax
Punitive damage being negative restitution not allowable as business expense
Income Tax
Income Tax
CIT(A) cannot exercise enhancement power on issue not dealt by AO
Income Tax
Income Tax
TDS not deductible from discount paid on prepaid sim card/ recharge vouchers
Income Tax
Income Tax
Foreign exchange loss attributable to material purchase is revenue expense
Income Tax
Income Tax
Reopening inspired from change of opinion is liable to be quashed
Income Tax
Income Tax
Treating purchases as bogus unjustified if sales duly accepted
Income Tax
Income Tax
Disallowance of interest on loan given to subsidiary unjustified as investment was purely for commercial expediency
Income Tax
Income Tax
Subsidy by State Government for development of new Multiplexes is capital in nature
Income Tax
Income Tax
Education Cess not allowable expenditure u/s 37(1)
Income Tax
Income Tax
Diminution in value of GoI Bonds allowable as revenue loss as investment made under commercial expediency
Income Tax
Income Tax
AO Cannot Determine Business Promotion Effectiveness – ITAT Allows expenses
Income Tax
Income Tax
Upfront lease premium on lease-hold land allowable as deduction u/s. 37(1) of Income Tax Act
Income Tax
Income Tax
Interest expense for amount advanced to subsidiary out of commercial expediency allowable
Income Tax
Income Tax
