https://www.taxtmi.com/caselaws?id=250050 The court upheld the Tribunal's decisions in dismissing the appellant's appeal, ruling against adjustments to addition u/s 80HHC in assessments under Section 153A, and affirming the impossibility of review in assessments completed under Section 143(3) r.w.s. 153A. The court also supported the inclusion of net interest in profit calculations under Section 80HHC, and deemed a one-time payment to the forest Department as revenue expenditure. The court rejected the appellant's argument for treating expenditure towards afforestation compensation as deferred revenue expenditure due to the lump sum payment made without spreading payments over the lease period. en-us Mon, 05 Nov 2012 00:00:00 +0530 Thu, 31 Jul 2014 18:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250050 The court upheld the Tribunal's decisions in dismissing the appellant's appeal, ruling against adjustments to addition u/s 80HHC in assessments under Section 153A, and affirming the impossibility of review in assessments completed under Section 143(3) r.w.s. 153A. The court also supported the inclusion of net interest in profit calculations under Section 80HHC, and deemed a one-time payment to the forest Department as revenue expenditure. The court rejected the appellant's argument for treating expenditure towards afforestation compensation as deferred revenue expenditure due to the lump sum payment made without spreading payments over the lease period. Case-Laws Income Tax Mon, 05 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250050