https://www.taxtmi.com/caselaws?id=282015 The Tribunal upheld the disallowance of amortized premium on leasehold land, disallowance of prior period expenses, and depreciation on technical know-how. It allowed liquidated damages, club expenses, and set-off of brought forward losses. The Tribunal partially allowed higher depreciation claims on certain plant and machinery and deleted adhoc disallowances. It addressed adjustments for deduction under Section 80HHC and dismissed grounds on interest under Section 234D. The Tribunal also ruled on revenue recognition, computer software expenses, short term incentive plan, provision for medical expenses, closing stock adjustments, accrual of income, and lease rent on accrual basis. en-us Tue, 12 Mar 2019 00:00:00 +0530 Tue, 21 Apr 2026 14:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282015 The Tribunal upheld the disallowance of amortized premium on leasehold land, disallowance of prior period expenses, and depreciation on technical know-how. It allowed liquidated damages, club expenses, and set-off of brought forward losses. The Tribunal partially allowed higher depreciation claims on certain plant and machinery and deleted adhoc disallowances. It addressed adjustments for deduction under Section 80HHC and dismissed grounds on interest under Section 234D. The Tribunal also ruled on revenue recognition, computer software expenses, short term incentive plan, provision for medical expenses, closing stock adjustments, accrual of income, and lease rent on accrual basis. Case-Laws Income Tax Tue, 12 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282015