https://www.taxtmi.com/caselaws?id=280264 The Tribunal allowed the assessee's appeal partly, directing the Assessing Officer to permit the netting of interest payments against interest income on tax refunds, disallow administrative expenses under Section 14A, accept ESOPs as revenue expenditure, allow deduction for education cess under Section 37, treat carbon credit receipts as capital receipts, and uphold decisions on disallowance of commission and directors' fees, Section 80IA, and Section 80IC deductions. The Revenue's cross-appeal was dismissed, and necessary computations were to be finalized by the Assessing Officer in accordance with the law. en-us Tue, 27 Nov 2018 00:00:00 +0530 Sat, 27 Apr 2019 06:36:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280264 The Tribunal allowed the assessee's appeal partly, directing the Assessing Officer to permit the netting of interest payments against interest income on tax refunds, disallow administrative expenses under Section 14A, accept ESOPs as revenue expenditure, allow deduction for education cess under Section 37, treat carbon credit receipts as capital receipts, and uphold decisions on disallowance of commission and directors' fees, Section 80IA, and Section 80IC deductions. The Revenue's cross-appeal was dismissed, and necessary computations were to be finalized by the Assessing Officer in accordance with the law. Case-Laws Income Tax Tue, 27 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280264