S. 40(a)(ii) : Amounts not deductible-Rates or tax- Education cess and, higher and secondary education cess is not tax-Allowable as deduction. [S. 37 (1)]
UHDE India (P.) Ltd. v. ACIT (2021) 190 ITD 777/ 211 TTJ 339 (Mum.)(Trib.)S. 40(a)(ii) : Amounts not deductible-Rates or tax- Education cess and, higher and secondary education cess is not tax-Allowable as deduction. [S. 37 (1)]
UHDE India (P.) Ltd. v. ACIT (2021) 190 ITD 777/ 211 TTJ 339 (Mum.)(Trib.)S. 37(1) : Business expenditure-Dividend distribution tax-Not allowable as deduction.
Metropolis Healthcare Ltd. v. DCIT (2021) 190 ITD 331 (Delhi)(Trib.)S. 37(1) : Business expenditure-Telephone expenditure-Disallowance for alleged use by partners was deleted.
Universal Stone Crushing Co. Dala v. ITO (2021) 190 ITD 415 (SMC) (All.)(Trib.)S. 37(1) : Business expenditure-Plant repair and maintenance expenses-Failure to produce supporting documents-5% of disallowance was held to be proper.
Universal Stone Crushing Co. Dala. v. ITO (2021) 190 ITD 415 (SMC) (All.)(Trib.)S. 37(1) : Business expenditure-R&D expenditure-Automobile industry-Claimed 70 percent as capital and 30 percent as revenue-No matching concept-Held to be capital in nature-Entitle for depreciation. [S. 32]
Sogefi Engine Systems India (P.) Ltd. v. ACIT (2021) 190 ITD 525 (Bang.)(Trib.)S. 37(1) : Business expenditure-Brokerage expenditure-Deferred expenditure in books of account-Allowable as business expenditure.
DCIT v. Axis Asset Management Co. Ltd. (2021) 190 ITD 682 (Mum.) (Trib.)S. 37(1) : Business expenditure-Brokerage expenditure-Deferred expenditure in books of account-Allowable as business expenditure.
DCIT v. Axis Asset Management Co. Ltd. (2021) 190 ITD 682 (Mum.)(Trib.)S. 37(1) : Business expenditure-Commission-Foreign agents and local agents-Held to be allowable.
DCIT v. Ganges International (P.) Ltd. (2021) 190 ITD 755/ ( 2022) 95 ITR 161 (Chennai)(Trib.)S. 37(1) : Business expenditure-Capital or revenue-Repair and maintenance of office premises-Allowable as revenue expenditure.
UHDE India (P.) Ltd. v. ACIT (2021) 190 ITD 777 / 211 TTJ 339 (Mum.) (Trib.)S. 36(1)(vii) : Bad debt-Trading commodities-Amount not recoverable was written off-Allowable as bad debt-Matter remanded.
Jay Ashkaran Shah v. ITO (2021) 190 ITD 208 (Mum.)(Trib.)