https://www.taxtmi.com/caselaws?id=261283 Advances received from sister concerns were not taxed as deemed dividend because the recipient was not a shareholder or beneficial owner in the lender companies, so the inter-corporate receipts fell outside section 2(22)(e). Foreign travel expenditure was allowed as business expenditure because it had a direct nexus with technical and commercial requirements of the business. Repairs and replacement items were treated as revenue expenditure since they did not create a new asset or enduring capital advantage. Deduction under section 80IA was not denied for lack of SSI registration, as formal registration was not a precondition and the unit satisfied the prescribed investment limit under the applicable industrial law framework. en-us Mon, 29 Jun 2015 00:00:00 +0530 Wed, 22 Jul 2015 16:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261283 Advances received from sister concerns were not taxed as deemed dividend because the recipient was not a shareholder or beneficial owner in the lender companies, so the inter-corporate receipts fell outside section 2(22)(e). Foreign travel expenditure was allowed as business expenditure because it had a direct nexus with technical and commercial requirements of the business. Repairs and replacement items were treated as revenue expenditure since they did not create a new asset or enduring capital advantage. Deduction under section 80IA was not denied for lack of SSI registration, as formal registration was not a precondition and the unit satisfied the prescribed investment limit under the applicable industrial law framework. Case-Laws Income Tax Mon, 29 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261283