https://www.taxtmi.com/caselaws?id=377760 A performance-linked employee incentive was treated as an ascertained salary-related business liability where it was quantified employee-wise and accrued on services rendered; depreciation on OB vans was allowed because ownership and actual business use were shown despite only temporary registration. Advances written off to employees and consumption-based debtor discounts were accepted as business losses or commercial deductions. Interest paid to Prasar Bharti attracted TDS for years before the statutory exemption became operative, while application software expenditure was revenue in part, with one segment remanded for verification. Section 14A disallowance could not be enhanced under Rule 8D without recording dissatisfaction with the assessee's own working, but leave encashment remained disallowable under section 43B(f) unless actually paid. en-us Thu, 28 Mar 2019 00:00:00 +0530 Wed, 03 Apr 2019 07:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377760 A performance-linked employee incentive was treated as an ascertained salary-related business liability where it was quantified employee-wise and accrued on services rendered; depreciation on OB vans was allowed because ownership and actual business use were shown despite only temporary registration. Advances written off to employees and consumption-based debtor discounts were accepted as business losses or commercial deductions. Interest paid to Prasar Bharti attracted TDS for years before the statutory exemption became operative, while application software expenditure was revenue in part, with one segment remanded for verification. Section 14A disallowance could not be enhanced under Rule 8D without recording dissatisfaction with the assessee's own working, but leave encashment remained disallowable under section 43B(f) unless actually paid. Case-Laws Income Tax Thu, 28 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377760