https://www.taxtmi.com/caselaws?id=181767 Warranty provisions were treated as deductible where they arose from a present obligation linked to sales and could be reliably estimated on technical and past experience basis. For section 80IA, income must have a direct and immediate nexus with the eligible undertaking: keyman insurance receipt and related interest did not satisfy that test, while interest on delayed realisation of sale proceeds could qualify if attributable to the eligible division. Under section 80HHC, sales tax and excise duty were excluded from total turnover, and independent receipts such as credit balances written back, kasar and cancellation damages fell within Explanation (baa), requiring 90% reduction. The bad debt claim was not allowed on the facts. en-us Fri, 22 Jan 2010 00:00:00 +0530 Sat, 23 Apr 2016 17:16:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181767 Warranty provisions were treated as deductible where they arose from a present obligation linked to sales and could be reliably estimated on technical and past experience basis. For section 80IA, income must have a direct and immediate nexus with the eligible undertaking: keyman insurance receipt and related interest did not satisfy that test, while interest on delayed realisation of sale proceeds could qualify if attributable to the eligible division. Under section 80HHC, sales tax and excise duty were excluded from total turnover, and independent receipts such as credit balances written back, kasar and cancellation damages fell within Explanation (baa), requiring 90% reduction. The bad debt claim was not allowed on the facts. Case-Laws Income Tax Fri, 22 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181767