Allowability of a claim of expenditure u/s. 37(1) - deduction of ...

Deduction of Commission Expenses Allowed u/s 37(1) Due to Lack of Justifiable Reason by Assessing Officer.

October 30, 2022

Case Laws Income Tax AT

Allowability of a claim of expenditure u/s. 37(1) - deduction of commission expenses - A.O had failed to give any justifiable reason as regards declining of the assessee’s claim for deduction of commission expenses that were paid to the aforementioned parties. - claim of deduction allowed - AT

View Source

← Previous Next →

Allowability of a claim of expenditure u/s. 37(1) - deduction of ...

Deduction of Commission Expenses Allowed u/s 37(1) Due to Lack of Justifiable Reason by Assessing Officer.

October 30, 2022

Case Laws Income Tax AT

You may also like:

Expenses under the head research and development - deduction of such expenses under the provisions of section 37(1) OR u/s 35 - the genuineness of the expenses cannot be...

Payment made for surrender of tenancy rights - deduction allowed u/s 37(1) - AT

The assessee claimed deduction for interest and late fees paid on account of delay in filing GST returns. The authorities disallowed the claim, invoking Explanation 1 to...

Deduction u/s 37 - Guarantee commission paid to State Government – allowed as revenue expenditure - HC

Disallowance of corporate social responsibility expenses - There is no dispute that the expenses in question are not incurred under the aforesaid statutory obligation....

Allowability of deduction u/s 37(1) of the Act - Amount of service tax included with interest – expenses have direct nexus with the business operation - expense allowed - HC

Misappropriation of funds by an employee led to the assessee claiming expenses u/s 37(1) of the Act, which were later discovered to be embezzlement. The assessee...

Nature of expenses - Allowable expenses u/s 37(1) - Interest and late fee on TDS, Late payment & penalty charges, Interest on margin trading facility - There was no...

Disallowance of sales promotion expenses being gifts to doctors and hospitals - Allowable business expenditure u/s 37(1) - the MCA regulations are applicable to the...

The ITAT addressed multiple taxation issues involving disallowances and appeals. Key outcomes include: (1) 40% of PF damages allowed as compensatory expenditure under...

Allowable expenditure u/s 37(1) - addition relating to form fees which was deposited for obtaining the wine shop through government - non-accepting the theory of...

The Appellate Tribunal addressed several issues: 1. Disallowance of Brand Ambassador Expenses - AO disallowed 75% as capital expenditure, but CIT(A) found it to be...

Disallowance of research and development expenses - the AO as well as the CIT (A) has disallowed the R & D claim made by the assessee mainly for the reason that no...

Claim of expenses disallowed u/s 37(1) - expenditure/loss incurred on abandoned project – for the first two years the expenditure is shown as “work-in-progress” - claim...

Business expenditure u/s.37(1) - share issue expenses - assessee has abandoned the proposal to issue shares at later stage - when the nature of expenditure incurred by...

Quick Updates: