https://www.taxtmi.com/caselaws?id=281453 A provision for wage revision liability may be deductible where the liability has already crystallised and can be reasonably estimated even before final quantification. A section 14A disallowance should rest on objective satisfaction and proper examination of the assessee's claim, including the nature of investments and availability of interest-free funds, rather than a purely mechanical rule 8D computation. Foreign branch income is includible in Indian taxable income, with credit for foreign taxes paid under the applicable treaty framework; the view that only income taxed abroad can be included is rejected. en-us Fri, 17 Feb 2017 00:00:00 +0530 Thu, 20 Jun 2019 15:23:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281453 A provision for wage revision liability may be deductible where the liability has already crystallised and can be reasonably estimated even before final quantification. A section 14A disallowance should rest on objective satisfaction and proper examination of the assessee's claim, including the nature of investments and availability of interest-free funds, rather than a purely mechanical rule 8D computation. Foreign branch income is includible in Indian taxable income, with credit for foreign taxes paid under the applicable treaty framework; the view that only income taxed abroad can be included is rejected. Case-Laws Income Tax Fri, 17 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281453