Payment of agency fees - construction of toll rod / Noida DND ...

Court Rules Noida DND Flyover Agency Fees as Revenue Expenditure; Previous Years' Consistency Cited by AO.

April 15, 2017

Case Laws Income Tax AT

Payment of agency fees - construction of toll rod / Noida DND fly over - Revenue expenditure or capital expenditure - activities of these agents during the post commissioning period - when the AO did not question these expenses for the earlier years, not justified to disallow for the current year - AT

View Source

← Previous Next →

Payment of agency fees - construction of toll rod / Noida DND ...

Court Rules Noida DND Flyover Agency Fees as Revenue Expenditure; Previous Years' Consistency Cited by AO.

April 15, 2017

Case Laws Income Tax AT

You may also like:

In a recent High Court case, the issue of whether advertisement expenditure could be considered as allowable revenue expenditure was discussed. The ITAT allowed the...

ITAT adjudicated a dispute regarding the nature of receipt of membership and share transfer fees. The tribunal examined whether these one-time fees constitute capital or...

Nature of expenditure - revenue or capital expenditure - One-time lease rental charges paid to Greater Noida Industrial Development Authorities (GNIDA) for a period of...

ITAT adjudicated two key tax issues: (1) repairs and maintenance expenditure disallowance was restricted to 10% after reviewing submitted ledger accounts, upholding...

Software expenditure having enduring benefit of not more than a year is revenue expenditure

The case dealt with whether advertisement expenditure (deferred revenue) qualifies as allowable revenue expenditure. The assessee recorded different entries in audited...

Disallowance of prior period expenses pertaining to expenditure crystallized or details received after completion of earlier years' audits. Genuineness not doubted,...

The SC held that Respondent No. 1, a society registered to promote welfare of NOIDA residents, had locus standi to file the writ petition challenging imposition of...

Nature of expenditure - Revenue expenditure or capital expenditure - The ITAT held that, it is now well settled that revenue expenditure is allowable in entirety in the...

Amendment of section 44AD. - computing profits and gains of business on presumptive basis - where an assessee declares profit for any previous year in accordance with...

The High Court held that the NOIDA-II unit was entitled to deduction u/s 10A of the Income Tax Act for its profits and gains derived from the NOIDA-I unit. The court...

Revenue expenditure versus capital expenditure - expenditure incurred on ERP Software – allowed as revenue expenditure - AT

Deduction of broken period interest paid on securities and deduction of expenditure incurred on the issue of Fully Convertible Debentures (FCDs). Regarding broken period...

This case deals with the disallowance of expenditure u/s 14A of the Income Tax Act, which pertains to expenditure incurred in relation to exempt income. The key points...

The HC declined to entertain the petition challenging the Tribunal's decision under Section 254(2) regarding TP adjustment for guarantee fees paid to an Associated...

Quick Updates: