https://www.taxtmi.com/caselaws?id=180390 Premature repayment of deferred sales tax at net present value was held not to trigger deemed remission under section 41(1), so the surplus was not taxable. Estimated administrative s could not be mechanically allocated against dividend income for section 80M, and the ad hoc disallowance was deleted. For section 80HHC, the treatment of interest on overdue customer payments, service charges, sales tax refund, scrap sales and cheque-bounce penalties depended on the nature of each receipt and whether only net receipts or full exclusions under Explanation (baa) applied. Premium on premature redemption of debentures was allowed as revenue expenditure, delayed provident fund contribution paid before return filing remained allowable under section 43B, the commission payment was found at arm's length, and section 80HHC had to be recomputed without first reducing section 80IB deduction. en-us Fri, 20 Jan 2012 00:00:00 +0530 Tue, 29 Aug 2017 11:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180390 Premature repayment of deferred sales tax at net present value was held not to trigger deemed remission under section 41(1), so the surplus was not taxable. Estimated administrative s could not be mechanically allocated against dividend income for section 80M, and the ad hoc disallowance was deleted. For section 80HHC, the treatment of interest on overdue customer payments, service charges, sales tax refund, scrap sales and cheque-bounce penalties depended on the nature of each receipt and whether only net receipts or full exclusions under Explanation (baa) applied. Premium on premature redemption of debentures was allowed as revenue expenditure, delayed provident fund contribution paid before return filing remained allowable under section 43B, the commission payment was found at arm's length, and section 80HHC had to be recomputed without first reducing section 80IB deduction. Case-Laws Income Tax Fri, 20 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180390