https://www.taxtmi.com/caselaws?id=238294 The ITAT upheld the taxation of non-compete fees as revenue receipt, disallowed contribution to PF/ESIC due to timely payment, upheld advances written off, referred deduction under Section 80IA/80IB back to CIT(A), directed reexamination of netting interest under Section 80HHC, excluded Excise Duty and Sales Tax from total turnover, allowed gifts to employees, upheld disallowance of sales promotion expenses, allowed foreign travel expenses, miscellaneous expenses, and registration expenses, approved valuation of closing stock, and included various receipts in profit calculation for Section 80HHC. The judgment balanced between affirming and reversing decisions based on legal interpretations and factual considerations. en-us Wed, 23 Jan 2013 00:00:00 +0530 Sun, 20 Oct 2013 10:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238294 The ITAT upheld the taxation of non-compete fees as revenue receipt, disallowed contribution to PF/ESIC due to timely payment, upheld advances written off, referred deduction under Section 80IA/80IB back to CIT(A), directed reexamination of netting interest under Section 80HHC, excluded Excise Duty and Sales Tax from total turnover, allowed gifts to employees, upheld disallowance of sales promotion expenses, allowed foreign travel expenses, miscellaneous expenses, and registration expenses, approved valuation of closing stock, and included various receipts in profit calculation for Section 80HHC. The judgment balanced between affirming and reversing decisions based on legal interpretations and factual considerations. Case-Laws Income Tax Wed, 23 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238294