https://www.taxtmi.com/caselaws?id=69908 The Tribunal partly allowed the appeals by the assessee and the Revenue. The disallowance of depreciation on assets transferred to the Clutch Unit was upheld. Royalty payments were disallowed due to late TDS payment and the capital nature of trademark royalty. Deduction u/s 80HH was restricted, excluding certain income items. Excise duty and sales-tax were excluded from total turnover, but scrap sales were included. 90% of interest and rent were to be excluded for relief u/s 80HHC. Expenditure on consultancy, training, and structural changes was allowed as revenue expenditure. en-us Fri, 17 Nov 2006 00:00:00 +0530 Fri, 13 Jul 2012 12:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69908 The Tribunal partly allowed the appeals by the assessee and the Revenue. The disallowance of depreciation on assets transferred to the Clutch Unit was upheld. Royalty payments were disallowed due to late TDS payment and the capital nature of trademark royalty. Deduction u/s 80HH was restricted, excluding certain income items. Excise duty and sales-tax were excluded from total turnover, but scrap sales were included. 90% of interest and rent were to be excluded for relief u/s 80HHC. Expenditure on consultancy, training, and structural changes was allowed as revenue expenditure. Case-Laws Income Tax Fri, 17 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69908