https://www.taxtmi.com/caselaws?id=400308 Expenditure on an ERP project abandoned midway was treated as revenue expenditure because no enduring asset or capital advantage came into existence. Commission paid to agents was held allowable where confirmations, correspondence and other material showed genuine business services, and the payments were not bogus. An actual write-off of bad debt was not to be added back in computing book profit under MAT, since it was not a mere provision. Actuarially determined gratuity and leave encashment provisions were treated as ascertained liabilities, not unascertained liabilities, for section 115JB purposes. In transfer pricing, R&D cess payable to the Government could not be loaded into royalty for determining the arm's length rate, so the adjustment was deleted. en-us Tue, 28 Jul 2020 00:00:00 +0530 Tue, 03 Nov 2020 12:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400308 Expenditure on an ERP project abandoned midway was treated as revenue expenditure because no enduring asset or capital advantage came into existence. Commission paid to agents was held allowable where confirmations, correspondence and other material showed genuine business services, and the payments were not bogus. An actual write-off of bad debt was not to be added back in computing book profit under MAT, since it was not a mere provision. Actuarially determined gratuity and leave encashment provisions were treated as ascertained liabilities, not unascertained liabilities, for section 115JB purposes. In transfer pricing, R&D cess payable to the Government could not be loaded into royalty for determining the arm's length rate, so the adjustment was deleted. Case-Laws Income Tax Tue, 28 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400308