https://www.taxtmi.com/caselaws?id=151086 The Tribunal upheld the taxability of Rs. 7 crores received on the transfer of the marketing network as business income. The disallowance of Rs. 3,40,29,192 for leave encashment provision was partially allowed. The disallowance of Rs. 16,85,000 under section 14A was upheld. The treatment of Rs. 32,87,653 as revenue expenses was confirmed. The deduction of Rs. 23,63,586 for the cost of advertisement film was allowed. The addition of Rs. 63,90,570 to the valuation of closing stock was deleted. The Tribunal dismissed both parties' appeals, affirming the CIT(A)'s decisions on all issues. en-us Tue, 15 Sep 2009 00:00:00 +0530 Thu, 30 May 2013 10:39:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151086 The Tribunal upheld the taxability of Rs. 7 crores received on the transfer of the marketing network as business income. The disallowance of Rs. 3,40,29,192 for leave encashment provision was partially allowed. The disallowance of Rs. 16,85,000 under section 14A was upheld. The treatment of Rs. 32,87,653 as revenue expenses was confirmed. The deduction of Rs. 23,63,586 for the cost of advertisement film was allowed. The addition of Rs. 63,90,570 to the valuation of closing stock was deleted. The Tribunal dismissed both parties' appeals, affirming the CIT(A)'s decisions on all issues. Case-Laws Income Tax Tue, 15 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151086