https://www.taxtmi.com/caselaws?id=179410 Business expenditure principles support deduction of rural development spending benefiting factory-area workers, actuarially valued contractual leave-salary liability, and debenture restructuring costs that create no capital asset; spreading such revenue expenditure over future periods is not warranted. Depreciation on acquired goodwill was treated consistently with prior-year treatment. Section 10B relief could not be reduced by allocating head-office or other-division expenses and interest income to the eligible unit, nor withdrawn in a later year where the initial allowance remained undisturbed and facts were unchanged. Export deduction and sales-tax exemption issues required recomputation or adjudication under applicable law. MODVAT valuation followed consistent prior treatment, section 14A restriction remained undisturbed, and interest computation required reconsideration. en-us Mon, 30 Jun 2014 00:00:00 +0530 Mon, 08 Aug 2022 12:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179410 Business expenditure principles support deduction of rural development spending benefiting factory-area workers, actuarially valued contractual leave-salary liability, and debenture restructuring costs that create no capital asset; spreading such revenue expenditure over future periods is not warranted. Depreciation on acquired goodwill was treated consistently with prior-year treatment. Section 10B relief could not be reduced by allocating head-office or other-division expenses and interest income to the eligible unit, nor withdrawn in a later year where the initial allowance remained undisturbed and facts were unchanged. Export deduction and sales-tax exemption issues required recomputation or adjudication under applicable law. MODVAT valuation followed consistent prior treatment, section 14A restriction remained undisturbed, and interest computation required reconsideration. Case-Laws Income Tax Mon, 30 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179410