S. 43B : Certain deductions only on actual payment-Leave travel allowance-Provision of section 43B(f) is would not apply.[S.43B(f)]
PCIT v. Heavy Engineering Corporation Ltd. (2023) 295 Taxman 349 (Jharkhand)(HC)S. 43B : Certain deductions only on actual payment-Leave travel allowance-Provision of section 43B(f) is would not apply.[S.43B(f)]
PCIT v. Heavy Engineering Corporation Ltd. (2023) 295 Taxman 349 (Jharkhand)(HC)S. 40(a)(ii) : Amounts not deductible-Rates or tax-Education cess-Not allowable as deduction. [S. 37(1), Art.136]
JCIT v. Sesa Goa Ltd. (2023) 295 Taxman 236/ 335 CTR 991/(2024) 460 ITR 4 (SC) Editorial: Sesa Goa Ltd v.JCIT (2020) 423 ITR 426/ 117 taxmann.com 96 (Bom)(HC), reversed.S. 40(a)(i) : Amounts not deductible-Deduction at source-Non-resident-Commission-Not having Permanent Establishment or carrying on any business in India — Not liable to deduct tax at source. [S.195, 260A]
PCIT v. Maharani Enterprises (2023)457 ITR 15/295 Taxman 464 (Delhi)(HC)S. 37(1) : Business expenditure-Capital or revenue-Replacement of spares in machineries-Up gradation of software-Revenue expenditure.
PCIT v. Gujarat Industries Power Co. Ltd. (2023) 295 Taxman 345 (Guj.)(HC)S. 37(1) : Business expenditure-Provision for warranty-Liquidated damages-losses of non-moving inventories due to cancellation of orders-Sales promotion expenses-Allowable as deduction. [S. 145]
PCIT v. Heavy Engineering Corporation Ltd. (2023) 295 Taxman 349 (Jharkhand)(HC)S. 37(1) : Business expenditure-Participatory development expenses-CSR expenditures-Order of Tribunal is affirmed.
PCIT v. Ramesh Prasad Sao (2023) 295 Taxman 755 (Cal.)(HC)S. 37(1) : Business expenditure-Capital or revenue-Replacements of parts of machinery-Allowable as revenue expenditure-Contribution to Sardar Vallabhbhai Rastriya Ekta Trust for construction of a statue of Sardar Vallabhbhai Patel-Enhance brand value-Allowable as deduction.
PCIT v. Gujarat State Fertilizers & Chemicals Ltd. (2023) 295 Taxman 282 (Guj.)(HC)S. 37(1) : Business expenditure-Amount paid to retiring partner as per the provision in partnership deed-Diversion of income at source by overriding title-Allowable as deduction. [S. 4]
PCIT v. Wadia Ghandy & Co(2023) 155 taxmann.com 228 (Bom)(HC) Editorial: PCIT v. Wadia Ghandy & Co. (2023) 295 Taxman 229 (SC). Availed of benefit under Direct Tax Vivad Se Vishwas Act, 2020, SLP of Revenue dismissed as infructuous.S. 37(1) : Business expenditure-Method of accounting-Award-Interest payable-Award stayed-Not contingent-Order of High Court is affirmed-SLP of Revenue is dismissed. [S. 145]
CIT v. National Agricultural Cooperative Marketing Federation of India Ltd. (2023) 459 ITR 593 / 295 Taxman 122 (SC) Editorial: National Agricultural Cooperative Marketing Federation of India Ltd v.CIT (2017) 393 ITR 666/ 247 Taxman 338 (Delhi)(HC)S. 37(1) : Business expenditure-Sales commission-Order of High Court is affirmed-SLP of Revenue is dismissed.
PCIT v. Olam Exports India Ltd. (2023) 295 Taxman 312 (SC) Editorial: CIT v. Olam Exports India Ltd (2017) 398 ITR 397/ 85 taxmann.com 33 (Ker)(HC)