https://www.taxtmi.com/caselaws?id=63210 Written-back liabilities were taxable where earlier deductions had been allowed and the write-back reversed that tax benefit, but mere outstanding liabilities without cessation remained non-taxable. Expenditure on debentures, repairs, employee welfare, travel, consultancy and know-how was allowed or disallowed according to business nexus and capital character: loan-raising costs and genuine business repairs were allowed, project-report and other capital-field items were disallowed, and mixed know-how fees were apportioned between capital and revenue. Contribution credited to an approved gratuity fund on mercantile accrual basis was deductible, while actual payments by the fund to employees were not deductible in the assessee's hands. Bad-debt write-off of a machinery advance failed, depreciation was partly allowed, and interest under section 217(1A) was deleted because liability had not arisen. en-us Mon, 01 Jan 1990 00:00:00 +0530 Fri, 28 Jan 2011 14:00:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63210 Written-back liabilities were taxable where earlier deductions had been allowed and the write-back reversed that tax benefit, but mere outstanding liabilities without cessation remained non-taxable. Expenditure on debentures, repairs, employee welfare, travel, consultancy and know-how was allowed or disallowed according to business nexus and capital character: loan-raising costs and genuine business repairs were allowed, project-report and other capital-field items were disallowed, and mixed know-how fees were apportioned between capital and revenue. Contribution credited to an approved gratuity fund on mercantile accrual basis was deductible, while actual payments by the fund to employees were not deductible in the assessee's hands. Bad-debt write-off of a machinery advance failed, depreciation was partly allowed, and interest under section 217(1A) was deleted because liability had not arisen. Case-Laws Income Tax Mon, 01 Jan 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63210