https://www.taxtmi.com/caselaws?id=151592 The Tribunal partly allowed the appeals, providing specific directions on each issue. It held Rs. 53,90,835 for repairs as revenue expenditure, following the precedent for feasibility studies, directing the AO to allow Rs. 22,09,481 as revenue expenditure. The Rs. 43 crore from surrendering marketing rights was deemed a revenue receipt. The Tribunal instructed the AO to reassess the set-off of unabsorbed depreciation and business loss upon receiving the required certificate. It also permitted the exclusion of Rs. 6,34,74,000 from book profits under section 115JB and directed the AO to calculate interest under section 234D per the Special Bench decision. en-us Tue, 12 Jan 2010 00:00:00 +0530 Mon, 05 Feb 2024 11:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151592 The Tribunal partly allowed the appeals, providing specific directions on each issue. It held Rs. 53,90,835 for repairs as revenue expenditure, following the precedent for feasibility studies, directing the AO to allow Rs. 22,09,481 as revenue expenditure. The Rs. 43 crore from surrendering marketing rights was deemed a revenue receipt. The Tribunal instructed the AO to reassess the set-off of unabsorbed depreciation and business loss upon receiving the required certificate. It also permitted the exclusion of Rs. 6,34,74,000 from book profits under section 115JB and directed the AO to calculate interest under section 234D per the Special Bench decision. Case-Laws Income Tax Tue, 12 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151592