https://www.taxtmi.com/caselaws?id=277323 The Tribunal partly allowed the appeals, permitting deductions for certain items while disallowing others. Deductions for bad debts written off were allowed based on a Supreme Court decision, with restrictions on debit balances written off. The Tribunal allowed a donation as a business expenditure and adjusted royalty payments. Provisions for obsolescence of inventory and warranty expenses were upheld, with a direction to reconsider warranty expenses based on a Supreme Court decision. The Tribunal allowed deduction for debit balances written off and directed further consideration of a claim under section 40(a)(ia) by the AO. Compliance with legal precedents and proper documentation were emphasized. en-us Wed, 27 Aug 2014 00:00:00 +0530 Sat, 01 Dec 2018 12:35:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277323 The Tribunal partly allowed the appeals, permitting deductions for certain items while disallowing others. Deductions for bad debts written off were allowed based on a Supreme Court decision, with restrictions on debit balances written off. The Tribunal allowed a donation as a business expenditure and adjusted royalty payments. Provisions for obsolescence of inventory and warranty expenses were upheld, with a direction to reconsider warranty expenses based on a Supreme Court decision. The Tribunal allowed deduction for debit balances written off and directed further consideration of a claim under section 40(a)(ia) by the AO. Compliance with legal precedents and proper documentation were emphasized. Case-Laws Income Tax Wed, 27 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277323