https://www.taxtmi.com/caselaws?id=182962 The article examines deduction treatment for provision for bad and doubtful debts under section 36(1)(vii), exemption and section 80HHC treatment of dividend from UTI units, amortisation of lump sum technical know-how fees under section 35AB rather than section 37(1), and deduction or recomputation of exchange fluctuation loss on technical-know-how liability. It notes that the bad-debt issue was sent back for fresh adjudication applying Supreme Court principles on write-off, while the UTI dividend and related section 80HHC claims were largely rejected, subject to limited verification on double exclusion of rent. It also records that lump sum technical know-how expenditure was treated as falling under the special amortisation provision, and the exchange fluctuation issue was remanded for recomputation. en-us Fri, 11 Dec 2015 00:00:00 +0530 Wed, 25 May 2016 10:07:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182962 The article examines deduction treatment for provision for bad and doubtful debts under section 36(1)(vii), exemption and section 80HHC treatment of dividend from UTI units, amortisation of lump sum technical know-how fees under section 35AB rather than section 37(1), and deduction or recomputation of exchange fluctuation loss on technical-know-how liability. It notes that the bad-debt issue was sent back for fresh adjudication applying Supreme Court principles on write-off, while the UTI dividend and related section 80HHC claims were largely rejected, subject to limited verification on double exclusion of rent. It also records that lump sum technical know-how expenditure was treated as falling under the special amortisation provision, and the exchange fluctuation issue was remanded for recomputation. Case-Laws Income Tax Fri, 11 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182962