https://www.taxtmi.com/caselaws?id=381540 The court upheld the ITAT's decision to treat the technical services fee as revenue expenditure, emphasizing the expenses' relevance to business operations. It supported the deletion of the provision for settlement with the Union, highlighting industrial harmony. The court ruled in favor of the assessee regarding the remission of advance liability as a taxable receipt. It declined to entertain the disallowance of special pension liability, citing previous considerations. The court allowed the expenses for setting up a new foundry as revenue expenditure, considering its alignment with business expansion plans. en-us Mon, 10 Jun 2019 00:00:00 +0530 Thu, 13 Jun 2019 06:44:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381540 The court upheld the ITAT's decision to treat the technical services fee as revenue expenditure, emphasizing the expenses' relevance to business operations. It supported the deletion of the provision for settlement with the Union, highlighting industrial harmony. The court ruled in favor of the assessee regarding the remission of advance liability as a taxable receipt. It declined to entertain the disallowance of special pension liability, citing previous considerations. The court allowed the expenses for setting up a new foundry as revenue expenditure, considering its alignment with business expansion plans. Case-Laws Income Tax Mon, 10 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381540