https://www.taxtmi.com/caselaws?id=182580 The ITAT upheld the CIT(A)'s decision to exclude set-off of unabsorbed depreciation of non-EOU units in computing exemption for 100% EOU units. It also affirmed the treatment of interest on excise duty liability as a deductible liability in computing book profits. The ITAT restored the issue of taxability of notional surplus on sales tax deferral loan for fresh adjudication. The treatment of product development expenses and software support fees as capital or revenue expenditure was also remanded for further verification. The Revenue's appeals were dismissed, and the assessee's appeals were allowed for statistical purposes. en-us Mon, 06 May 2013 00:00:00 +0530 Fri, 13 May 2016 15:24:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182580 The ITAT upheld the CIT(A)'s decision to exclude set-off of unabsorbed depreciation of non-EOU units in computing exemption for 100% EOU units. It also affirmed the treatment of interest on excise duty liability as a deductible liability in computing book profits. The ITAT restored the issue of taxability of notional surplus on sales tax deferral loan for fresh adjudication. The treatment of product development expenses and software support fees as capital or revenue expenditure was also remanded for further verification. The Revenue's appeals were dismissed, and the assessee's appeals were allowed for statistical purposes. Case-Laws Income Tax Mon, 06 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182580