https://www.taxtmi.com/caselaws?id=408465 The Tribunal upheld the CIT(A)'s decisions on various tax issues, allowing deductions under Section 35ABB, amortized license fees, revenue license fees under Section 37(1), foreign currency loss, advertisement and publicity expenses, provisions for bad and doubtful debts, and book profit computation under Section 115JB. The Tribunal directed the Assessing Officer to follow previous methodologies and court precedents in determining eligible amounts, resulting in the dismissal of the revenue's appeal and providing detailed recalculations for the AO in line with established legal principles. en-us Mon, 07 Jun 2021 00:00:00 +0530 Fri, 11 Jun 2021 08:49:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408465 The Tribunal upheld the CIT(A)'s decisions on various tax issues, allowing deductions under Section 35ABB, amortized license fees, revenue license fees under Section 37(1), foreign currency loss, advertisement and publicity expenses, provisions for bad and doubtful debts, and book profit computation under Section 115JB. The Tribunal directed the Assessing Officer to follow previous methodologies and court precedents in determining eligible amounts, resulting in the dismissal of the revenue's appeal and providing detailed recalculations for the AO in line with established legal principles. Case-Laws Income Tax Mon, 07 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408465