https://www.taxtmi.com/caselaws?id=327971 The Tribunal allowed the deduction of computer software expenses as revenue expenditure, dismissed the claim for exemption on dividend income from UTI units, excluded certain receipts from profits for deduction under section 80HHC, allowed deduction for lump sum know-how fees under section 35AB, remitted the exchange fluctuation loss issue for re-computation, upheld VRS expenditure as revenue, classified interest as business income for deduction under section 80HHC, required set off of trading losses against manufacturing profits under section 80HHC, excluded scrap sales from total turnover for deduction under section 80HHC, denied set off of interest paid against interest received, upheld interest levy under section 234D, and treated interest under section 244A as income from other sources. en-us Wed, 30 Mar 2016 00:00:00 +0530 Mon, 08 Aug 2022 12:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327971 The Tribunal allowed the deduction of computer software expenses as revenue expenditure, dismissed the claim for exemption on dividend income from UTI units, excluded certain receipts from profits for deduction under section 80HHC, allowed deduction for lump sum know-how fees under section 35AB, remitted the exchange fluctuation loss issue for re-computation, upheld VRS expenditure as revenue, classified interest as business income for deduction under section 80HHC, required set off of trading losses against manufacturing profits under section 80HHC, excluded scrap sales from total turnover for deduction under section 80HHC, denied set off of interest paid against interest received, upheld interest levy under section 234D, and treated interest under section 244A as income from other sources. Case-Laws Income Tax Wed, 30 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327971