https://www.taxtmi.com/caselaws?id=329794 The tribunal upheld the taxation of compensation for surrender of tenancy rights as capital gains, allowed VRS expenditure as revenue in nature, affirmed depreciation allowance, upheld deletion of amortized leasehold land premium disallowance, travel expenses disallowance deletion, prior period expenses disallowance dismissal, technical fees deduction, directed sales tax disallowance allowance, remanded guest house expenditure issue, allowed 25% entertainment expenditure deduction, excluded property development income, allowed loss on damaged machinery appeal, and remanded gifts expenditure issue. The department's appeals were dismissed, and the assessee's appeals were partly allowed. en-us Thu, 30 Jun 2016 00:00:00 +0530 Fri, 08 Jul 2016 10:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329794 The tribunal upheld the taxation of compensation for surrender of tenancy rights as capital gains, allowed VRS expenditure as revenue in nature, affirmed depreciation allowance, upheld deletion of amortized leasehold land premium disallowance, travel expenses disallowance deletion, prior period expenses disallowance dismissal, technical fees deduction, directed sales tax disallowance allowance, remanded guest house expenditure issue, allowed 25% entertainment expenditure deduction, excluded property development income, allowed loss on damaged machinery appeal, and remanded gifts expenditure issue. The department's appeals were dismissed, and the assessee's appeals were partly allowed. Case-Laws Income Tax Thu, 30 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329794