https://www.taxtmi.com/caselaws?id=249648 Leave encashment was disallowed because the liability remained unpaid and fell within section 43B. Prior period expenses were remanded for verification where the assessee claimed reversal of earlier entries and crystallisation during the year. For section 14A, mechanical use of Rule 8D was rejected for a pre-Rule 8D year; the administrative disallowance was deleted and the interest component was remanded for a fresh finding. Depreciation was allowed on proof of installation and business use, MAT additions for diminution in investment value and prior period items were deleted, and product registration expenses were treated as revenue. Interest on sister concern advances was deleted on commercial expediency, scientific research expenditure was allowed, and short deduction alone did not trigger section 40(a)(ia) disallowance. en-us Fri, 11 Jul 2014 00:00:00 +0530 Fri, 18 Jul 2014 16:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249648 Leave encashment was disallowed because the liability remained unpaid and fell within section 43B. Prior period expenses were remanded for verification where the assessee claimed reversal of earlier entries and crystallisation during the year. For section 14A, mechanical use of Rule 8D was rejected for a pre-Rule 8D year; the administrative disallowance was deleted and the interest component was remanded for a fresh finding. Depreciation was allowed on proof of installation and business use, MAT additions for diminution in investment value and prior period items were deleted, and product registration expenses were treated as revenue. Interest on sister concern advances was deleted on commercial expediency, scientific research expenditure was allowed, and short deduction alone did not trigger section 40(a)(ia) disallowance. Case-Laws Income Tax Fri, 11 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249648