https://www.taxtmi.com/caselaws?id=236617 The article discusses several tax issues in which the Tribunal relied largely on earlier years' orders and settled principles. Premium on redemption of bonds and debenture issue expenses, depreciation on assets acquired under a scheme of arrangement, recurring business outgoings, and specified book-profit adjustments under section 115JA were treated as allowable or otherwise governed by the statutory scheme and precedent. The foreign branch profit issue was addressed under treaty allocation principles, while accrued interest on bonds was treated as part of sale consideration for capital gains. Carry-forward unabsorbed depreciation required fresh examination, and the remaining claims on power unit profits, sales tax exemption and royalty under section 43B were partly allowed, remanded or treated as infructuous. 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 The article discusses several tax issues in which the Tribunal relied largely on earlier years' orders and settled principles. Premium on redemption of bonds and debenture issue expenses, depreciation on assets acquired under a scheme of arrangement, recurring business outgoings, and specified book-profit adjustments under section 115JA were treated as allowable or otherwise governed by the statutory scheme and precedent. The foreign branch profit issue was addressed under treaty allocation principles, while accrued interest on bonds was treated as part of sale consideration for capital gains. Carry-forward unabsorbed depreciation required fresh examination, and the remaining claims on power unit profits, sales tax exemption and royalty under section 43B were partly allowed, remanded or treated as infructuous. Case-Laws Income Tax Fri, 30 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236617