https://www.taxtmi.com/caselaws?id=299514 Weighted deduction for in-house research and development depended on prescribed approval: the Vapi unit was allowed subject to verification of Form 3CM, while the Thane unit claim failed for want of approval. Software expenditure incurred for an SAP replacement package that was later scrapped was treated as revenue expenditure because it did not yield an enduring asset and was incurred for business purposes. Deduction under section 80HHC on DEPB income had to be recomputed on the basis of the real profit element, not the full face value. Interest and rental income were sent back for fresh examination in light of earlier directions and the applicable export deduction principles. en-us Wed, 12 Sep 2012 00:00:00 +0530 Wed, 10 Aug 2022 10:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299514 Weighted deduction for in-house research and development depended on prescribed approval: the Vapi unit was allowed subject to verification of Form 3CM, while the Thane unit claim failed for want of approval. Software expenditure incurred for an SAP replacement package that was later scrapped was treated as revenue expenditure because it did not yield an enduring asset and was incurred for business purposes. Deduction under section 80HHC on DEPB income had to be recomputed on the basis of the real profit element, not the full face value. Interest and rental income were sent back for fresh examination in light of earlier directions and the applicable export deduction principles. Case-Laws Income Tax Wed, 12 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299514