https://www.taxtmi.com/caselaws?id=263352 The main appeal was partly allowed, with deductions permitted for excise duty payments under PLA, excise duty paid under protest, customs duty on imports, adjustments for last year's disallowances, royalty payments for licensed information, R&D cess on royalty paid, and excess consumption of raw materials. The Tribunal rejected bifurcation of royalty payments and disallowed club membership fees but allowed deductions for software depreciation and statutory interest. The appeal against the order under Section 154 was allowed for statistical purposes, and the premature penalty ground was dismissed. en-us Mon, 24 Aug 2015 00:00:00 +0530 Tue, 01 Sep 2015 07:33:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263352 The main appeal was partly allowed, with deductions permitted for excise duty payments under PLA, excise duty paid under protest, customs duty on imports, adjustments for last year's disallowances, royalty payments for licensed information, R&D cess on royalty paid, and excess consumption of raw materials. The Tribunal rejected bifurcation of royalty payments and disallowed club membership fees but allowed deductions for software depreciation and statutory interest. The appeal against the order under Section 154 was allowed for statistical purposes, and the premature penalty ground was dismissed. Case-Laws Income Tax Mon, 24 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263352