https://www.taxtmi.com/caselaws?id=177319 The Tribunal upheld the disallowance of entertainment expenses related to employees, rejection of deduction for amortized leasehold land premium, and disallowance of testimonial payment as business expenditure. It directed reconsideration of process know-how fees deduction, disallowance of provision for warranty obligations, and exclusion of certain incomes for deduction under Section 80-I/80-IA. The Tribunal allowed profit recognition from long-term contracts, disallowed provision for leave encashment, and held receipts from non-compete agreement and business transfer as not taxable. The Tribunal upheld the reduction in deduction under Section 80M for dividend income expenses. en-us Wed, 03 Sep 2014 00:00:00 +0530 Thu, 07 Jan 2016 10:37:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177319 The Tribunal upheld the disallowance of entertainment expenses related to employees, rejection of deduction for amortized leasehold land premium, and disallowance of testimonial payment as business expenditure. It directed reconsideration of process know-how fees deduction, disallowance of provision for warranty obligations, and exclusion of certain incomes for deduction under Section 80-I/80-IA. The Tribunal allowed profit recognition from long-term contracts, disallowed provision for leave encashment, and held receipts from non-compete agreement and business transfer as not taxable. The Tribunal upheld the reduction in deduction under Section 80M for dividend income expenses. Case-Laws Income Tax Wed, 03 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177319