S.37(1): Business expenditure-Remuneration paid to partner-Maintenance of account-Allowable as deduction. [S. 153A]
Rameshchandra Balachand. v. JCIT (OSD) (2025) 211 ITD 24 (Mum) (Trib.)S.37(1): Business expenditure-Remuneration paid to partner-Maintenance of account-Allowable as deduction. [S. 153A]
Rameshchandra Balachand. v. JCIT (OSD) (2025) 211 ITD 24 (Mum) (Trib.)S.37(1): Business expenditure-Fees for technical services to a foreign company for selection of suitable technical staff for project, review of contractual documents, etc-Allowable as business expenditure.
DCIT v. Gulermak TPL Joint Venture. (2025) 211 ITD 349 (Mum) (Trib.)S.37(1): Business expenditure-License fee-Commercial exploitation of music albums-Deferred revenue expenditure to be amortized over six-year period and not as prior period expenses-Matter remanded.
Aalap Digital Music (P.) Ltd. v. ACIT (2025) 211 ITD 284 (Delhi) (Trib.)S.37(1): Business expenditure-Broken period interest, i.e., interest accrued between last coupon date and date of purchase of government securities-Allowable as business expenditure.
Kotak Mahindra Bank Ltd. v. DCIT (2025) 211 ITD 608 (Mum) (Trib.)S. 37(1) : Business expenditure-Discount on issuance of ESOPs is an allowable business expenditure.
Kotak Mahindra Bank Ltd. v. DCIT (2025) 211 ITD 608 (Mum) (Trib.)S. 37(1) : Business expenditure-Provision for depreciation on AFS securities-Debited to profit and loss account-Allowable as deduction.
ACIT v. Karad Urban Co. Op. Bank Ltd. (2025) 211 ITD 717 (Pune) (Trib.)S. 36(1)(viia) :Bad debt-Provision for bad and doubtful debts-Schedule bank-Provisions are made as per direction of RBI-Allowable as deduction.
Kotak Mahindra Bank Ltd. v. DCIT (2025) 211 ITD 608 (Mum) (Trib.)S. 36(1)(va): Any sum received from employees-Delayed payment of employee’s contribution towards PF and ESIC-Not allowable as deduction. [S. 37(1)]
Diebold Nixdorf India (P.) Ltd. v. CIT (2025) 211 ITD 377 (Mum) (Trib.)S. 36(1)(iii) :Interest on borrowed capital-Interest on customer advances-Advances received from customers were utilized for business purposes as per MOU-Addition is deleted.
Ujwala Developers (P.) Ltd. v. DCIT (2025) 211 ITD 738 (Hyd) (Trib.)S. 35 : Expenditure on scientific research-Capital expenditure-Outside India-Not eligible for weighted deduction under section 35(2AB)-Eligible for deduction under section 35(1)(iv) of the Act.[S. 35(1)(iv), 35(2AB)]
Mahle Behr India (P.) Ltd. v. DCIT (2025) 211 ITD 485 (Pune) (Trib.)