https://www.taxtmi.com/caselaws?id=377113 The ITAT allowed the entire salary claimed as revenue expenditure, except for 20% to be capitalized. Excess depreciation disallowance was deleted, repair and maintenance expenses were mostly allowed as revenue, and cash payments exceeding limits were disallowed. Miscellaneous expenses were partly allowed as revenue, research and development expenditure was remanded for fresh examination, recruitment expenses were partly capitalized, and interest on term loan was upheld with directions on depreciation rates and bank charges bifurcation. The judgment emphasized detailed examination for expense treatment. en-us Mon, 18 Mar 2019 00:00:00 +0530 Fri, 22 Mar 2019 15:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377113 The ITAT allowed the entire salary claimed as revenue expenditure, except for 20% to be capitalized. Excess depreciation disallowance was deleted, repair and maintenance expenses were mostly allowed as revenue, and cash payments exceeding limits were disallowed. Miscellaneous expenses were partly allowed as revenue, research and development expenditure was remanded for fresh examination, recruitment expenses were partly capitalized, and interest on term loan was upheld with directions on depreciation rates and bank charges bifurcation. The judgment emphasized detailed examination for expense treatment. Case-Laws Income Tax Mon, 18 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377113