Expense - Judgment Search Results

Jagdish Lal Khurana Vs. Dy. Cit

Court: Income Tax Appellate Tribunal ITAT Amritsar

Reported in: (2004)87TTJ(Asr.)1059

..... considered the appellant s contention with regard to milk grocery expenses expenses on cloth medicine electricity telephone expenses expenses on servants educational expenses etc before making the said addition it is observed ..... been detected during the course of search in regard to inadequacy of household expenses the addition made by the assessing officer was unsustainable in law the addition .....

Deputy Commissioner of Income Tax Vs. Hindustan Tobacco Co.

Court: Income Tax Appellate Tribunal ITAT Kolkata

Reported in: (2003)87ITD129(Kol.)

..... was quite justified in disallowing the expenditure 10 the learned authorized representative contended that the expenses incurred on payment to m s universal printer were wholly and exclusively for the purpose ..... which is therefore sustained on this point 17 as regards the disallowance on account of expenses incurred through m s market links ltd the learned departmental representative stated that the .....

interlink Petroleum Ltd. Vs. Deputy Commissioner of Income Tax

Court: Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in: (2004)83TTJ(Ahd.)274

..... for taxation 4 50 000 the details of interest expenses and administrative expenses have been separately given at p 41 of the ..... following 1 to verify the export sales and the related expenses including expenses on purchase of goods etc 2 after that the ..... senior departmental representative lay down the same principle that the expenses incurred after setting up of the business including depreciation and .....

Boeing Co. Vs. United States

Court: US Supreme Court

..... the emphasized words boeing interprets this section as having created a background rule dividing all expenses into two categories those that can be allocated to specific income and those that ..... or with the proposition that the secretary has broad authority to promulgate regulations determining which expenses are directly or indirectly related to particular items of income if anything what little .....

Deputy Commissioner of Income Tax Vs. Sahara India Financial Corpn.

Court: Income Tax Appellate Tribunal ITAT Lucknow

Reported in: (2003)81TTJLuck389

..... iv the special auditor submitted the special audit report to the ao regarding the expenses incurred by the assessee following observations have been made in the special audit report ..... and telegraphs office maintenance advertisement cutting folding and binding charges repair and maintenance and other expenses and the details thereof are being given in the debited note enclosed herewith vii .....

Parasmani Investment Co. (P) Ltd. Vs. Assistant Commissioner of Income

Court: Income Tax Appellate Tribunal ITAT West Bengal

Reported in: (2003)79TTJCal725

..... considered to have rendered services to the assessee company travelling expenses in connection with their tours to various places have ..... deduction allowed by him on account of legal expenses and share transfer expenses against capital gains it is thus clear that ..... but its business assets though under the investment portfolio any expense incurred by an assessee towards maintenance of its fixed assets .....

Siti Cable Network Ltd. Vs. Deputy Commissioner of Income Tax

Court: Income Tax Appellate Tribunal ITAT Mumbai

Reported in: (2004)82TTJ(Mum.)106

..... appellant company the revenue to the appellant company flows from advertisement and subscription the major expenses are 15 per cent commission on advertisement and 15 per cent management charges paid to ..... incurred for the existing business of the company and it is neither capital nor personal expenses further the existing continuing business even the cost of projects abandoned is allowed as .....

Parasmani Investment Co. (P) Ltd. Vs. Asstt. Cit

Court: Income Tax Appellate Tribunal ITAT Kolkata

Reported in: (2003)85ITD133(Kol.)

..... the assessing officer to withdraw deduction allowed by him on account of legal expenses and share transfer expenses against capital gains it is thus clear that the above mentioned two grounds ..... assessing officer was justified in disallowing the claim relating to service charges similarly the travelling expenses claimed in respect of sri taneja and sri surana were also disallowed by the assessing .....

Mafatlal Holdings Ltd. Vs. Additional Commissioner of

Court: Income Tax Appellate Tribunal ITAT Mumbai

Reported in: (2004)85TTJ(Mum.)821

..... is also noticed that the assessee had also incurred various business expenses like legal and professional expenses staff expenses stamp expenses bank charges etc which clearly indicate that the business of ..... income and had also incurred various business expenditure like legal and professional expenses staff expenses stamp expenses bank charges etc which have also been allowed by the ao therefore .....

Dcit Vs. S.G. Investments and Industries

Court: Income Tax Appellate Tribunal ITAT Kolkata

Reported in: (2004)89ITD44(Kol.)

..... ltd supra which was decided on 20th december 2000 however the principle of apportionment of expenses between taxable income and exempt income has now become widened in view of classification given ..... on the gross dividend received from a domestic company before deduction of the proportionate management expenses in this case on appeal preferred by the department the hon ble supreme court allowed .....