https://www.taxtmi.com/caselaws?id=253283 The High Court upheld the taxation of staff security deposit forfeiture as taxable income, ruling against the assessee. However, it found in favor of the assessee regarding the disallowance of technical know-how fees, deeming them capital in nature. The court also decided against the assessee on the liability arising in a different assessment year and various expense disallowances, supporting revenue authorities' decisions. Additionally, the disallowance of contributions to a foundation was upheld, resulting in a mixed outcome where some issues favored the assessee while others sided with the revenue authorities. en-us Fri, 10 Oct 2014 00:00:00 +0530 Thu, 20 Nov 2014 12:50:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253283 The High Court upheld the taxation of staff security deposit forfeiture as taxable income, ruling against the assessee. However, it found in favor of the assessee regarding the disallowance of technical know-how fees, deeming them capital in nature. The court also decided against the assessee on the liability arising in a different assessment year and various expense disallowances, supporting revenue authorities' decisions. Additionally, the disallowance of contributions to a foundation was upheld, resulting in a mixed outcome where some issues favored the assessee while others sided with the revenue authorities. Case-Laws Income Tax Fri, 10 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253283