Addition on account of purchase of data packages on the ground ...

Income Tax

February 6, 2019

Addition on account of purchase of data packages on the ground that the same amounts to deferred revenue expenditure - when the incurrence of such expenses are admittedly of revenue nature, the same cannot be considered as deferred revenue expenditure.

View Source

← Previous Next →

Addition on account of purchase of data packages on the ground ...

Income Tax

February 6, 2019

You may also like:

Deletion of addition of advertisement expenses – AO erred in holding that the advertisement expenses as deferred revenue expenses is not valid in the eyes of law - AT

Treatment of amount incurred on credit investigation – Verification of information and data provided by prospective customers – held as revenue in nature - HC

Revenue or Capital expenditure - Bank guarantee for commission paid for securing timely repayment of the deferred credit facilities for buying machinery for its running...

Revenue Recognition - AS 9 - membership fees - assessee was justified in deferring the revenue for taxation for four years .... - AT

Addition u/s 69C – addition on the ground that assessee deducted TDS on higher value and issued TDS certificate for higher amount - assessee explained the reasons - no...

Depreciation on license fee paid for 20 years - intangible asset - deferred revenue expenditure - benefit of depreciation on the registration fee of paid to Indian...

Deferred revenue expenditure - the entries in the books of account cannot be the basis whether a receipt is taxable or not or whether expenses are allowable as a...

Additions towards Bogus purchases - Estimation of profit - Purchases are to be removed, the corresponding sale is also required to be removed from the profit and loss...

Accrual of income - subscription monies received in advance - Addition on account of deferred income - CIT-A deleted the addition - The subscription monies received in...

Packaging services - Assessee provide packaging service to fertilizer manufactured by other company - appellant being a manufacturer is doing the packaging activity, not...

Quick Updates: