https://www.taxtmi.com/caselaws?id=287711 The appeal was dismissed, with the Tribunal's rulings upheld on all issues. These included the capitalization of share issue expenses, allowance of consumables as business expenditure, treatment of interest on DPEA liability, taxation of advance license receivable, and deductions under Sections 80M, 80I/80IA, and 80IB. The Tribunal's decisions were supported by prior judgments favoring the respondent assessee, leading to the rejection of all questions raised by the Revenue. Payments to Glaxo Sports Club were deemed not applicable under Section 40A(9), and the allocation of administrative expenses was directed not to be attributed to Nasik Units. en-us Tue, 26 Apr 2016 00:00:00 +0530 Thu, 14 Nov 2024 12:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287711 The appeal was dismissed, with the Tribunal's rulings upheld on all issues. These included the capitalization of share issue expenses, allowance of consumables as business expenditure, treatment of interest on DPEA liability, taxation of advance license receivable, and deductions under Sections 80M, 80I/80IA, and 80IB. The Tribunal's decisions were supported by prior judgments favoring the respondent assessee, leading to the rejection of all questions raised by the Revenue. Payments to Glaxo Sports Club were deemed not applicable under Section 40A(9), and the allocation of administrative expenses was directed not to be attributed to Nasik Units. Case-Laws Income Tax Tue, 26 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287711