https://www.taxtmi.com/caselaws?id=397039 The Tribunal upheld the deletion of various additions including pending labour demand, prorate premium on redemption of FCCB, and expenses on FCCB. It allowed discounts on ESOP and directed a TP adjustment for delayed collection of receivables. The Tribunal also allowed certain disallowances under Section 40A(9) and directed the AO to delete provision for warranties. Additionally, it allowed certain expenditures debited to profit and loss account and dismissed claims related to special pension and interest on income tax refund. The Tribunal directed the AO to allow deductions under Section 80IC but dismissed the claim for capital loss on sale of R&D assets. en-us Mon, 29 Jun 2020 00:00:00 +0530 Thu, 30 Jul 2020 23:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397039 The Tribunal upheld the deletion of various additions including pending labour demand, prorate premium on redemption of FCCB, and expenses on FCCB. It allowed discounts on ESOP and directed a TP adjustment for delayed collection of receivables. The Tribunal also allowed certain disallowances under Section 40A(9) and directed the AO to delete provision for warranties. Additionally, it allowed certain expenditures debited to profit and loss account and dismissed claims related to special pension and interest on income tax refund. The Tribunal directed the AO to allow deductions under Section 80IC but dismissed the claim for capital loss on sale of R&D assets. Case-Laws Income Tax Mon, 29 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397039