https://www.taxtmi.com/caselaws?id=182968 Deferred ESOP compensation was disallowed because the shortfall between market price and issue price was treated as a notional loss, not expenditure actually incurred or a liability discharged. A non-funded pension provision computed on actuarial basis was held outside section 43B and the disallowance was deleted. Contributions made for community health care and science-related bodies were allowed as revenue expenditure for business expediency. In the section 80HHC computation, excise duty was excluded from total turnover and foreign exchange gain linked to export transactions was included. NPPA demands were deductible when they had been quantified and communicated during the year, but the Chemicals and Petrochemicals demand had not crystallised until the following year and was not deductible for the year under appeal. en-us Fri, 24 Jul 2009 00:00:00 +0530 Wed, 25 May 2016 10:56:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182968 Deferred ESOP compensation was disallowed because the shortfall between market price and issue price was treated as a notional loss, not expenditure actually incurred or a liability discharged. A non-funded pension provision computed on actuarial basis was held outside section 43B and the disallowance was deleted. Contributions made for community health care and science-related bodies were allowed as revenue expenditure for business expediency. In the section 80HHC computation, excise duty was excluded from total turnover and foreign exchange gain linked to export transactions was included. NPPA demands were deductible when they had been quantified and communicated during the year, but the Chemicals and Petrochemicals demand had not crystallised until the following year and was not deductible for the year under appeal. Case-Laws Income Tax Fri, 24 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182968