https://www.taxtmi.com/caselaws?id=236617 Tax treatment of financing costs, transferred-asset depreciation, foreign branch profits, capital-gains consideration, and business expenditure is addressed alongside book-profit computation under section 115JA. Premium on bond redemption, debenture issue expenses, recurring business outgoings, exchange losses, and revenue legal fees are treated as deductible subject to established principles. Actuarially determined gratuity and leave-salary liabilities, and debenture redemption obligations, are distinguished from contingent provisions for book-profit purposes. Foreign branch profits require treaty-based allocation, while accrued bond interest may enter capital-gains sale consideration. Carry-forward depreciation and sales-tax exemption claims require fresh statutory examination. en-us Fri, 30 Aug 2013 00:00:00 +0530 Tue, 03 Sep 2013 09:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236617 Tax treatment of financing costs, transferred-asset depreciation, foreign branch profits, capital-gains consideration, and business expenditure is addressed alongside book-profit computation under section 115JA. Premium on bond redemption, debenture issue expenses, recurring business outgoings, exchange losses, and revenue legal fees are treated as deductible subject to established principles. Actuarially determined gratuity and leave-salary liabilities, and debenture redemption obligations, are distinguished from contingent provisions for book-profit purposes. Foreign branch profits require treaty-based allocation, while accrued bond interest may enter capital-gains sale consideration. Carry-forward depreciation and sales-tax exemption claims require fresh statutory examination. Case-Laws Income Tax Fri, 30 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236617