https://www.taxtmi.com/caselaws?id=248242 The note addresses recurring income-tax disputes before the ITAT, including exemption for interest on tax-free bond application money during the pre-allotment period, where the exemption under section 10(15)(iv)(h) was treated as continuing until allotment. It also records that several expense and allowance claims, including foreign exchange loss, debenture issue expenses, office and travel , subsidiary advance interest, guest house food costs, extra shift depreciation, investment allowance, and royalty on limestone, were either followed on the assessee's earlier-year rulings or remanded for fresh verification. The discussion further notes that earlier years' expenses and mineral rights tax were disallowed, while the Revenue's objections to lunch coupons, Tata Services payments, and incentive bonus were rejected, and family planning expenses were only partly allowable. en-us Fri, 16 May 2014 00:00:00 +0530 Mon, 02 Jun 2014 18:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248242 The note addresses recurring income-tax disputes before the ITAT, including exemption for interest on tax-free bond application money during the pre-allotment period, where the exemption under section 10(15)(iv)(h) was treated as continuing until allotment. It also records that several expense and allowance claims, including foreign exchange loss, debenture issue expenses, office and travel , subsidiary advance interest, guest house food costs, extra shift depreciation, investment allowance, and royalty on limestone, were either followed on the assessee's earlier-year rulings or remanded for fresh verification. The discussion further notes that earlier years' expenses and mineral rights tax were disallowed, while the Revenue's objections to lunch coupons, Tata Services payments, and incentive bonus were rejected, and family planning expenses were only partly allowable. Case-Laws Income Tax Fri, 16 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248242