https://www.taxtmi.com/caselaws?id=286251 ITAT held the non-compete fee was allowable as deferred revenue expenditure; contributions to the benevolent fund were allowable under the exception to s.40A(9); provision for gratuity was an eligible deduction and need not be disallowed under s.40A(7) nor added back for computation of book profits u/s.115JB where actuarially determined; receipts from sale of carbon credits were characterized as capital receipts; and additional depreciation was allowed on plant and machinery installed in the second half of the financial year relevant to the assessment year, with the Assessing Officer directed to give effect accordingly. en-us Wed, 04 Dec 2019 00:00:00 +0530 Fri, 22 Aug 2025 22:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286251 ITAT held the non-compete fee was allowable as deferred revenue expenditure; contributions to the benevolent fund were allowable under the exception to s.40A(9); provision for gratuity was an eligible deduction and need not be disallowed under s.40A(7) nor added back for computation of book profits u/s.115JB where actuarially determined; receipts from sale of carbon credits were characterized as capital receipts; and additional depreciation was allowed on plant and machinery installed in the second half of the financial year relevant to the assessment year, with the Assessing Officer directed to give effect accordingly. Case-Laws Income Tax Wed, 04 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286251