https://www.taxtmi.com/caselaws?id=179410 The note addresses recurring income-tax issues on allowability and computation. It states that rural development expenditure, debenture restructuring cost, and depreciation on acquired goodwill were treated as allowable on the facts and on consistency with earlier years. It also notes that leave salary provision was not disallowed under section 43B(f) where it reflected an actuarial contractual liability rather than a statutory payment. For section 10B units, head office and other division expenses, as well as interest income, were not to be allocated so as to reduce the exemption, and relief could not be withdrawn later merely because of a fresh objection to approval status. It further refers to recomputation of section 80HHC and related sales-tax exemption, and to MODVAT, section 14A, and section 234D issues being dealt with in accordance with law. 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 The note addresses recurring income-tax issues on allowability and computation. It states that rural development expenditure, debenture restructuring cost, and depreciation on acquired goodwill were treated as allowable on the facts and on consistency with earlier years. It also notes that leave salary provision was not disallowed under section 43B(f) where it reflected an actuarial contractual liability rather than a statutory payment. For section 10B units, head office and other division expenses, as well as interest income, were not to be allocated so as to reduce the exemption, and relief could not be withdrawn later merely because of a fresh objection to approval status. It further refers to recomputation of section 80HHC and related sales-tax exemption, and to MODVAT, section 14A, and section 234D issues being dealt with in accordance with law. Case-Laws Income Tax Mon, 30 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179410