https://www.taxtmi.com/caselaws?id=270459 Section 10B deduction was confined to export proceeds received in convertible foreign exchange within the prescribed period, and a later RBI circular was treated as prospective, so the restriction was upheld. Section 14A read with Rule 8D required fresh examination on the existing factual record concerning dividend income from a subsidiary, and the matter was remitted for reconsideration. Disallowance under section 40(a)(ia) was held inapplicable where tax had in fact been deducted and remitted, even if at a lower rate, so the addition was deleted. Expenditure on interior decoration and related refurbishing works was treated as revenue expenditure, as it did not create a new asset or enduring capital advantage. en-us Fri, 20 Nov 2015 00:00:00 +0530 Wed, 06 Jan 2016 23:44:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270459 Section 10B deduction was confined to export proceeds received in convertible foreign exchange within the prescribed period, and a later RBI circular was treated as prospective, so the restriction was upheld. Section 14A read with Rule 8D required fresh examination on the existing factual record concerning dividend income from a subsidiary, and the matter was remitted for reconsideration. Disallowance under section 40(a)(ia) was held inapplicable where tax had in fact been deducted and remitted, even if at a lower rate, so the addition was deleted. Expenditure on interior decoration and related refurbishing works was treated as revenue expenditure, as it did not create a new asset or enduring capital advantage. Case-Laws Income Tax Fri, 20 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270459