https://www.taxtmi.com/caselaws?id=239441 The High Court partially allowed the appeals, overturning the Tribunal's decisions on various issues such as the nature of expenditures, deductions under Sections 80HH and 80I, and the treatment of goodwill for depreciation. The court emphasized the distinction between capital and revenue expenditures and specified criteria for allowable deductions under the IT Act. It upheld deductions for bad debts and donations to a society for employee welfare but disallowed community development expenses as they were deemed more charitable than business-related. en-us Fri, 23 Aug 2013 00:00:00 +0530 Mon, 07 Apr 2014 17:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239441 The High Court partially allowed the appeals, overturning the Tribunal's decisions on various issues such as the nature of expenditures, deductions under Sections 80HH and 80I, and the treatment of goodwill for depreciation. The court emphasized the distinction between capital and revenue expenditures and specified criteria for allowable deductions under the IT Act. It upheld deductions for bad debts and donations to a society for employee welfare but disallowed community development expenses as they were deemed more charitable than business-related. Case-Laws Income Tax Fri, 23 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239441