https://www.taxtmi.com/caselaws?id=120841 The Tribunal partly allowed the assessee's appeal and dismissed the department's appeal. The Tribunal upheld restrictions on entertainment expenditure allowance, considered technical know-how fees as revenue expenditure, excluded commission, excise duty, and molasses storage fund from total turnover for section 80HHC deduction, disallowed set-off of unabsorbed depreciation, allowed deduction of issue expenses on non-convertible debentures and payments under the Voluntary Retirement Scheme, and excluded molasses storage fund from business income. The Tribunal provided detailed analysis based on legal principles and precedents for each issue. en-us Fri, 23 Nov 2007 00:00:00 +0530 Tue, 24 Jul 2012 17:34:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120841 The Tribunal partly allowed the assessee's appeal and dismissed the department's appeal. The Tribunal upheld restrictions on entertainment expenditure allowance, considered technical know-how fees as revenue expenditure, excluded commission, excise duty, and molasses storage fund from total turnover for section 80HHC deduction, disallowed set-off of unabsorbed depreciation, allowed deduction of issue expenses on non-convertible debentures and payments under the Voluntary Retirement Scheme, and excluded molasses storage fund from business income. The Tribunal provided detailed analysis based on legal principles and precedents for each issue. Case-Laws Income Tax Fri, 23 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120841