https://www.taxtmi.com/caselaws?id=71304 The Tribunal partly allowed the appeal, upholding the disallowance of the contribution to Alfa Laval Education Trust under section 40A(9) and the deduction of ESI dues as prior-period expenses. It supported the reduction of the Special Capital Incentive from the written down value of plant and machinery, deeming Explanation 10 to section 43(1) prospective. The Tribunal dismissed the ground on pro rata amortization of lease rent as not pressed and allowed the challenge against the ad hoc disallowance of expenditure for earning dividend income. The ground on setting off unabsorbed depreciation was dismissed on merits. en-us Fri, 02 Feb 2007 00:00:00 +0530 Sat, 03 Feb 2024 12:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71304 The Tribunal partly allowed the appeal, upholding the disallowance of the contribution to Alfa Laval Education Trust under section 40A(9) and the deduction of ESI dues as prior-period expenses. It supported the reduction of the Special Capital Incentive from the written down value of plant and machinery, deeming Explanation 10 to section 43(1) prospective. The Tribunal dismissed the ground on pro rata amortization of lease rent as not pressed and allowed the challenge against the ad hoc disallowance of expenditure for earning dividend income. The ground on setting off unabsorbed depreciation was dismissed on merits. Case-Laws Income Tax Fri, 02 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71304