Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


DBS Bank Ltd. v. DCIT (2025)210 ITD 448(Mum)(Trib.)

S.37(1): Business expenditure-Consultancy fee-Future expansion-Allowable as business expenditure.

3A Composites India (P.) Ltd. v. ACIT (2025) 210 ITD 272 (Mum) (Trib.)

S.37(1): Business expenditure-Ad hoc disallowance-Supporting documents-Matter remanded back to the Assessing Officer.

DBS Bank Ltd. v. DCIT (2025)210 ITD 448(Mum)(Trib.)

S.36(1)(viia) :Bad debt-Provision for bad and doubtful debts-Schedule bank-Claimed as bad debt-Sale of debt-Allowable as business loss. [S.28(i), 36(2), 37(1)]

DCIT v. ICICI Bank Ltd. (2025)210 ITD 643 (Mum)(Trib.)

S. 36(1)(vii) :Bad debt-Amounts written off-Allowable as bad debt.

Goldiam Jewellery Ltd. v. ACIT (2025) 210 ITD 554 (Mum)(Trib)

S. 36(1)(vii) :Bad debt-Debited provision of doubtful debt from profit and loss account-Given effect in balance sheet-Allowable as deduction.

DCIT v. United Drilling Tools Ltd. (2025) 210 ITD 632 (Delhi) (Trib.)

S. 36(1)(va) : Any sum received from employees-Delay in depositing employees contribution towards PF and ESI-Not allowable as deduction.

ACIT v. Syama Prasad Mookerjee Port (2025) 210 ITD 421 (Kol)(Trib.)

S. 36(1)(va) : Any sum received from employees-Due date for deposit-Delay in deposit of contribution-Disallowance is deleted. [Kolkata Port Trust (Non-contributory Provident Fund) Regulations 1988]

ACIT v. Syama Prasad Mookerjee Port (2025) 210 ITD 421 (Kol)(Trib.)

S. 36(1)(iv) : Contribution towards a recognized provident fund-Excess contributions to approved superannuation fund to bridge gap between actual contribution and actuarial valuations-Allowable as deduction. [S. 37(1), 36(1)(v) Rule, 27]

DCIT v. United Drilling Tools Ltd. (2025) 210 ITD 632 (Delhi) (Trib.)

S. 32 : Depreciation-Amalgamation-Intangible assets-Depreciation on patented technology-Order of CIT(A) deleting the depreciation is affirmed.

DCIT v. ICICI Bank Ltd. (2025)210 ITD 643 (Mum) (Trib.)

S. 28(i) : Business loss-Disposal of non-banking assets-Loss towards write off of discrepant notes and cash backs offered to credit card customers-Allowable as business loss. [S. 37(1)]