Security deposit given for renting a premise could not be treated as revenue expenditure when the deposit if foregone -…
Expenditure incurred by the assessee towards replacement of machinery with new machinery constitutes a capital expenditure. ABCAUS Case Law CitationABCAUS…
Mesne profits and interest on mesne profits awarded by Court for unauthorised occupation by tenant taxable tax u/s 23(1) ABCAUS…
Training Expenses on company executive revenue in nature not capital as the workforce can move out any time-ITAT ABCAUS Case…
Expenditure on ERP Software allowed as Revenue in nature despite being treated as deferred revenue expenditure in the books of…
Hoarding expenses allowed as revenue in nature and not capital. Hoardings are subjected to vagaries of rain, storm, damages etc.…
Front end fees paid to bank for obtaining new loan is revenue expenditure by nature and the assessee is entitled…
Expenditure on Construction and improvement on leased building-Revenue or capital. Enduring benefit cannot be a conclusive test and it cannot…
Calcutta High Court in a recent judgment has held that expenditure incurred for software development was capital expenditure Case Details: ITA…