https://www.taxtmi.com/caselaws?id=261565 The appellant's appeal was successful in various aspects, including the disallowance of research and development expenses, TS 16949 certification charges, software development expenses, building repair and maintenance expenses, and commission paid to the Managing Director. The Tribunal ruled in favor of the assessee on these grounds, allowing them as revenue expenditures. However, regarding the taxability of DEPB incentives on an accrual basis, the Tribunal partly allowed the Revenue's appeal for statistical purposes, directing the Assessing Officer to adjust the taxation of DEPB credits in the appropriate year. en-us Wed, 08 Jul 2015 00:00:00 +0530 Thu, 16 Jul 2015 08:44:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261565 The appellant's appeal was successful in various aspects, including the disallowance of research and development expenses, TS 16949 certification charges, software development expenses, building repair and maintenance expenses, and commission paid to the Managing Director. The Tribunal ruled in favor of the assessee on these grounds, allowing them as revenue expenditures. However, regarding the taxability of DEPB incentives on an accrual basis, the Tribunal partly allowed the Revenue's appeal for statistical purposes, directing the Assessing Officer to adjust the taxation of DEPB credits in the appropriate year. Case-Laws Income Tax Wed, 08 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261565