https://www.taxtmi.com/caselaws?id=276174 The Tribunal directed the CIT(A) to revisit the computation of book profits under section 115JB, emphasizing the contractual nature of the liability for compensation to module suppliers. It upheld the CIT(A)'s decision on the upward adjustment for royalty payment, rejecting the TPO's method and emphasizing consistency. The Tribunal supported treating royalty payment as revenue expenditure, citing its link to production and sales activities. It remitted issues regarding octroi deduction and homologation expenses for further examination. The Tribunal upheld the treatment of Project Technical Assistance Fees as revenue expenditure and instructed reevaluation of expenditure on capitalized cars. The issue of deduction under section 80IB was remitted for denovo adjudication. en-us Fri, 30 Sep 2016 00:00:00 +0530 Thu, 01 Nov 2018 13:50:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276174 The Tribunal directed the CIT(A) to revisit the computation of book profits under section 115JB, emphasizing the contractual nature of the liability for compensation to module suppliers. It upheld the CIT(A)'s decision on the upward adjustment for royalty payment, rejecting the TPO's method and emphasizing consistency. The Tribunal supported treating royalty payment as revenue expenditure, citing its link to production and sales activities. It remitted issues regarding octroi deduction and homologation expenses for further examination. The Tribunal upheld the treatment of Project Technical Assistance Fees as revenue expenditure and instructed reevaluation of expenditure on capitalized cars. The issue of deduction under section 80IB was remitted for denovo adjudication. Case-Laws Income Tax Fri, 30 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276174