https://www.taxtmi.com/caselaws?id=386137 The Tribunal ruled in favor of the assessee on various issues related to revenue recognition, liquidated damages, depreciation, prior period expenses, disallowance under section 14A, provision of warranty, sales commission, legal and professional fees, and foreign exchange losses. The Tribunal allowed grounds of the assessee and dismissed those of the Revenue for certain issues. Disallowance under section 14A read with Rule 8D was addressed, with the Tribunal deleting interest disallowance under Rule 8D(2)(ii) and remitting the matter for further examination. The Tribunal also ruled in favor of the assessee on expense disallowances, provision for medical and LTA expenses, and unpaid provision for a short-term incentive plan. en-us Thu, 19 Sep 2019 00:00:00 +0530 Mon, 23 Sep 2019 07:21:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386137 The Tribunal ruled in favor of the assessee on various issues related to revenue recognition, liquidated damages, depreciation, prior period expenses, disallowance under section 14A, provision of warranty, sales commission, legal and professional fees, and foreign exchange losses. The Tribunal allowed grounds of the assessee and dismissed those of the Revenue for certain issues. Disallowance under section 14A read with Rule 8D was addressed, with the Tribunal deleting interest disallowance under Rule 8D(2)(ii) and remitting the matter for further examination. The Tribunal also ruled in favor of the assessee on expense disallowances, provision for medical and LTA expenses, and unpaid provision for a short-term incentive plan. Case-Laws Income Tax Thu, 19 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386137