https://www.taxtmi.com/caselaws?id=424834 Recurring subscription under a Brand Equity and Business Promotion Agreement was treated as revenue expenditure, so the disallowance was not sustained. Section 14A disallowance was directed to be recomputed on a consistent basis for regular income, while the related book profit adjustment under section 115JB was deleted. Fertilizer subsidy was linked directly to the eligible industrial undertaking and allowed for section 80IB deduction, whereas sales tax incentive was characterised as a capital receipt. Amortisation of lease rental deposits was rejected as the arrangement was capital in nature. Contributions covered by section 40A(9) were held deductible on the facts, and the disallowance was deleted. en-us Wed, 06 Jul 2022 00:00:00 +0530 Fri, 08 Jul 2022 19:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424834 Recurring subscription under a Brand Equity and Business Promotion Agreement was treated as revenue expenditure, so the disallowance was not sustained. Section 14A disallowance was directed to be recomputed on a consistent basis for regular income, while the related book profit adjustment under section 115JB was deleted. Fertilizer subsidy was linked directly to the eligible industrial undertaking and allowed for section 80IB deduction, whereas sales tax incentive was characterised as a capital receipt. Amortisation of lease rental deposits was rejected as the arrangement was capital in nature. Contributions covered by section 40A(9) were held deductible on the facts, and the disallowance was deleted. Case-Laws Income Tax Wed, 06 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424834