https://www.taxtmi.com/caselaws?id=383186 The Tribunal upheld the disallowance of the amortized premium on leasehold land, disallowed the revenue recognition from freight outward, upheld the disallowance of prior period expenses, allowed the deduction of liquidated damages, restricted depreciation claim on certain plant and machinery, directed full deduction under the Short Term Incentive Plan, remitted Section 80HHC issue for fresh adjudication, deleted the lease rental income addition, deleted ad-hoc disallowances of various expenses, upheld the provision for medical expenses, restricted disallowance under Section 14A, and allowed the disallowance of commissions paid on sales due to lack of evidence. en-us Fri, 24 May 2019 00:00:00 +0530 Thu, 18 Jul 2019 18:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383186 The Tribunal upheld the disallowance of the amortized premium on leasehold land, disallowed the revenue recognition from freight outward, upheld the disallowance of prior period expenses, allowed the deduction of liquidated damages, restricted depreciation claim on certain plant and machinery, directed full deduction under the Short Term Incentive Plan, remitted Section 80HHC issue for fresh adjudication, deleted the lease rental income addition, deleted ad-hoc disallowances of various expenses, upheld the provision for medical expenses, restricted disallowance under Section 14A, and allowed the disallowance of commissions paid on sales due to lack of evidence. Case-Laws Income Tax Fri, 24 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383186