https://www.taxtmi.com/caselaws?id=194585 The tribunal partly allowed the assessee's appeal, directing the Assessing Officer to avoid double disallowance in the leave encashment case, accepting the interest disallowance on interest-free advances due to commercial expediency, and remitting the write-off of business advances for fresh assessment. Loss due to fire was allowed as an accrued liability. The tribunal directed verification of advances for expenses and allowed research and development expenses deduction. Disallowances under sections 14A and 80IB were restricted, and non-compete fee was treated as capital expenditure. The tribunal kept the provision of doubtful debts issue pending and confirmed product registration expenses as revenue expenditure. en-us Wed, 04 Jan 2017 00:00:00 +0530 Thu, 14 Sep 2017 18:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194585 The tribunal partly allowed the assessee's appeal, directing the Assessing Officer to avoid double disallowance in the leave encashment case, accepting the interest disallowance on interest-free advances due to commercial expediency, and remitting the write-off of business advances for fresh assessment. Loss due to fire was allowed as an accrued liability. The tribunal directed verification of advances for expenses and allowed research and development expenses deduction. Disallowances under sections 14A and 80IB were restricted, and non-compete fee was treated as capital expenditure. The tribunal kept the provision of doubtful debts issue pending and confirmed product registration expenses as revenue expenditure. Case-Laws Income Tax Wed, 04 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194585