https://www.taxtmi.com/caselaws?id=269979 The Tribunal partly allowed the assessee's appeal, directing the AO to allow the deduction under section 36(1)(viii) based on reserves created in subsequent years. The provision for wage revision was allowed as it was deemed a certain liability. The Tribunal instructed the AO to reassess the disallowance under section 14A in accordance with judicial precedents. The Tribunal dismissed the taxability of management fee and dividend from foreign subsidiaries. The inclusion of income from foreign branches in the total income was upheld, allowing credit for taxes paid abroad. en-us Wed, 04 Nov 2015 00:00:00 +0530 Thu, 24 Dec 2015 17:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269979 The Tribunal partly allowed the assessee's appeal, directing the AO to allow the deduction under section 36(1)(viii) based on reserves created in subsequent years. The provision for wage revision was allowed as it was deemed a certain liability. The Tribunal instructed the AO to reassess the disallowance under section 14A in accordance with judicial precedents. The Tribunal dismissed the taxability of management fee and dividend from foreign subsidiaries. The inclusion of income from foreign branches in the total income was upheld, allowing credit for taxes paid abroad. Case-Laws Income Tax Wed, 04 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269979