https://www.taxtmi.com/caselaws?id=121154 The Tribunal ruled on various disallowances and deductions, partly allowing the assessee's appeals and dismissing the Revenue's. Key outcomes included allowing NSDL custody charges as business expenses, recognizing post-sales customer support provisions as accrued liabilities, and permitting deductions for donations under section 80G. The Tribunal directed the Assessing Officer to include exchange rate fluctuations in export turnover and follow previous orders on foreign tax credits. Expenditures on ISO certification, club memberships, and maintenance of leased buildings were deemed revenue expenses. The Tribunal emphasized adherence to legal precedents and provided specific directions for accurate computation of deductions. en-us Fri, 07 Apr 2006 00:00:00 +0530 Wed, 20 Mar 2024 16:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121154 The Tribunal ruled on various disallowances and deductions, partly allowing the assessee's appeals and dismissing the Revenue's. Key outcomes included allowing NSDL custody charges as business expenses, recognizing post-sales customer support provisions as accrued liabilities, and permitting deductions for donations under section 80G. The Tribunal directed the Assessing Officer to include exchange rate fluctuations in export turnover and follow previous orders on foreign tax credits. Expenditures on ISO certification, club memberships, and maintenance of leased buildings were deemed revenue expenses. The Tribunal emphasized adherence to legal precedents and provided specific directions for accurate computation of deductions. Case-Laws Income Tax Fri, 07 Apr 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121154