https://www.taxtmi.com/caselaws?id=352301 The commentary addresses multiple income-tax issues, including deductibility of provision for interest to Customs, interest on delayed payment to MSMEs, taxation of sub-licensing receipts, eligibility for deduction under section 80JJAA, computation of weighted deduction under section 35(2AB), disallowance under section 14A read with Rule 8D, and classification of software and trademark-related expenditure. It states that delayed-payment MSME interest is barred by the MSMED Act and that sub-licensing of non-exclusive technology rights does not amount to transfer of a capital asset. It also notes that revenue income of an approved R&D centre should not be netted off against eligible section 35(2AB) expenditure, and that section 14A disallowance must rest on actual nexus with exempt income and the relevant funds position. en-us Mon, 06 Nov 2017 00:00:00 +0530 Mon, 08 Aug 2022 15:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352301 The commentary addresses multiple income-tax issues, including deductibility of provision for interest to Customs, interest on delayed payment to MSMEs, taxation of sub-licensing receipts, eligibility for deduction under section 80JJAA, computation of weighted deduction under section 35(2AB), disallowance under section 14A read with Rule 8D, and classification of software and trademark-related expenditure. It states that delayed-payment MSME interest is barred by the MSMED Act and that sub-licensing of non-exclusive technology rights does not amount to transfer of a capital asset. It also notes that revenue income of an approved R&D centre should not be netted off against eligible section 35(2AB) expenditure, and that section 14A disallowance must rest on actual nexus with exempt income and the relevant funds position. Case-Laws Income Tax Mon, 06 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352301