https://www.taxtmi.com/caselaws?id=186269 The Tribunal allowed the assessee's appeal regarding the classification of advertisement expenditure as revenue, allowing it in full in the year incurred. Additionally, the Tribunal upheld the deduction of indirect costs from export incentives under Section 80HHC and allowed the deduction for the marine division based on positive profits. The Tribunal dismissed the Revenue's appeal on the computation of income and disallowance of registration fees. The cross-objection for consequential relief under Section 80HHC on the trading division and the charging of interest were also dismissed. Both parties received partial relief based on legal interpretations and precedents. en-us Fri, 31 Jan 2014 00:00:00 +0530 Tue, 13 Sep 2016 14:13:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186269 The Tribunal allowed the assessee's appeal regarding the classification of advertisement expenditure as revenue, allowing it in full in the year incurred. Additionally, the Tribunal upheld the deduction of indirect costs from export incentives under Section 80HHC and allowed the deduction for the marine division based on positive profits. The Tribunal dismissed the Revenue's appeal on the computation of income and disallowance of registration fees. The cross-objection for consequential relief under Section 80HHC on the trading division and the charging of interest were also dismissed. Both parties received partial relief based on legal interpretations and precedents. Case-Laws Income Tax Fri, 31 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186269