https://www.taxtmi.com/caselaws?id=377277 The Tribunal directed the allocation of depreciation on technical know-how solely against income from sublicensing, remanded the allocation of administrative expenses for verification, and instructed computation of deductions under Sections 80-IB/80-IC based on a direct nexus to manufacturing activities. It ruled that royalty payments should be adjusted against sublicensing income, excise duty refunds are not taxable, and common expenses should be allocated proportionally. Additionally, it upheld adjustments for foreign exchange losses, miscellaneous income, and excess depreciation credited. The Tribunal emphasized the importance of a direct nexus between income and expenses for deductions related to manufacturing activities. en-us Wed, 20 Mar 2019 00:00:00 +0530 Wed, 27 Mar 2019 06:08:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377277 The Tribunal directed the allocation of depreciation on technical know-how solely against income from sublicensing, remanded the allocation of administrative expenses for verification, and instructed computation of deductions under Sections 80-IB/80-IC based on a direct nexus to manufacturing activities. It ruled that royalty payments should be adjusted against sublicensing income, excise duty refunds are not taxable, and common expenses should be allocated proportionally. Additionally, it upheld adjustments for foreign exchange losses, miscellaneous income, and excess depreciation credited. The Tribunal emphasized the importance of a direct nexus between income and expenses for deductions related to manufacturing activities. Case-Laws Income Tax Wed, 20 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377277