https://www.taxtmi.com/caselaws?id=253911 The Tribunal dismissed the Revenue's appeals, upholding the CIT(A)'s decisions on all issues. The premium paid on buyback of shares was treated as revenue expenditure, late payments of PF and ESI dues were allowed if paid before the return filing date, compensation payment to M/s. Jay Arts was partly treated as capital expenditure with the interest portion allowed as revenue expenditure, and depreciation on the capital expenditure was permitted. en-us Tue, 02 Dec 2014 00:00:00 +0530 Mon, 08 Dec 2014 06:31:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253911 The Tribunal dismissed the Revenue's appeals, upholding the CIT(A)'s decisions on all issues. The premium paid on buyback of shares was treated as revenue expenditure, late payments of PF and ESI dues were allowed if paid before the return filing date, compensation payment to M/s. Jay Arts was partly treated as capital expenditure with the interest portion allowed as revenue expenditure, and depreciation on the capital expenditure was permitted. Case-Laws Income Tax Tue, 02 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253911