https://www.taxtmi.com/caselaws?id=421844 The Tribunal upheld the disallowance of commission paid, allowed the treatment of non-compete fees as a capital receipt, permitted the contribution to Utmal Employees Welfare Fund, upheld the disallowance of expenditure on oil exploration, allowed expenditure on computer software, and permitted the disallowance under section 14A. The Tribunal also allowed the treatment of extinguishment of sales-tax deferred loan liability, restored the deduction under section 80HHC for fresh examination, and allowed the deduction under section 80IA for Captive Power Plant and DG Units. The Tribunal dismissed the Revenue's appeal on club membership expenditure, excise duty inclusion, expenditure on new cement plants, and work-in-progress valuation. en-us Fri, 29 Apr 2022 00:00:00 +0530 Mon, 02 May 2022 22:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421844 The Tribunal upheld the disallowance of commission paid, allowed the treatment of non-compete fees as a capital receipt, permitted the contribution to Utmal Employees Welfare Fund, upheld the disallowance of expenditure on oil exploration, allowed expenditure on computer software, and permitted the disallowance under section 14A. The Tribunal also allowed the treatment of extinguishment of sales-tax deferred loan liability, restored the deduction under section 80HHC for fresh examination, and allowed the deduction under section 80IA for Captive Power Plant and DG Units. The Tribunal dismissed the Revenue's appeal on club membership expenditure, excise duty inclusion, expenditure on new cement plants, and work-in-progress valuation. Case-Laws Income Tax Fri, 29 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421844