https://www.taxtmi.com/caselaws?id=361682 The Tribunal upheld the exclusion of freight and insurance charges from total turnover for deduction under section 10B, treated product development expenditure as revenue, disallowed a donation not wholly for business purposes, classified assets for depreciation, found the disallowance under section 14A unsustainable due to insufficient examination, remanded the issue of foreign travel expenses, upheld disallowance of provision for leave encashment, allowed deduction of demat charges, treated water pipeline expenditure as revenue, permitted rent for a bungalow as a business expense, allowed reduction of Wealth Tax for computing book profit, and did not explicitly address certain purchases as bogus. The decisions generally favored the assessee, emphasizing proper classification and adherence to legal standards. en-us Fri, 08 Jun 2018 00:00:00 +0530 Mon, 11 Jun 2018 22:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361682 The Tribunal upheld the exclusion of freight and insurance charges from total turnover for deduction under section 10B, treated product development expenditure as revenue, disallowed a donation not wholly for business purposes, classified assets for depreciation, found the disallowance under section 14A unsustainable due to insufficient examination, remanded the issue of foreign travel expenses, upheld disallowance of provision for leave encashment, allowed deduction of demat charges, treated water pipeline expenditure as revenue, permitted rent for a bungalow as a business expense, allowed reduction of Wealth Tax for computing book profit, and did not explicitly address certain purchases as bogus. The decisions generally favored the assessee, emphasizing proper classification and adherence to legal standards. Case-Laws Income Tax Fri, 08 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361682