https://www.taxtmi.com/caselaws?id=217457 The Tribunal allowed the assessee's appeal in part, dismissing the revenue's appeal. The disallowance of FCCB issue expenses was deleted, repairs and maintenance expenses were partially disallowed, product development expenses were allowed, outstanding creditors addition under section 41(1) was deleted, disallowance under section 14A was remanded for recalculation, depreciation on royalty payments was allowed, late payment of PF and ESIC disallowance was deleted, and deduction for research and development expenses was allowed. en-us Fri, 27 Jul 2012 00:00:00 +0530 Mon, 15 Oct 2012 15:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217457 The Tribunal allowed the assessee's appeal in part, dismissing the revenue's appeal. The disallowance of FCCB issue expenses was deleted, repairs and maintenance expenses were partially disallowed, product development expenses were allowed, outstanding creditors addition under section 41(1) was deleted, disallowance under section 14A was remanded for recalculation, depreciation on royalty payments was allowed, late payment of PF and ESIC disallowance was deleted, and deduction for research and development expenses was allowed. Case-Laws Income Tax Fri, 27 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217457