https://www.taxtmi.com/caselaws?id=303846 The Tribunal ruled in favor of the Revenue, disallowing depreciation on goodwill, interest on credit balances, provision for unredeemed bonus points, and treating renovation expenditure as capital. The Tribunal upheld the AO's decision on the under valuation of closing stock. Decisions were based on principles of actual cost for depreciation, enforceable liability for interest, present obligation for provisions, and enduring benefit for capital expenditure. en-us Tue, 30 Apr 2019 00:00:00 +0530 Sat, 20 Aug 2022 08:24:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303846 The Tribunal ruled in favor of the Revenue, disallowing depreciation on goodwill, interest on credit balances, provision for unredeemed bonus points, and treating renovation expenditure as capital. The Tribunal upheld the AO's decision on the under valuation of closing stock. Decisions were based on principles of actual cost for depreciation, enforceable liability for interest, present obligation for provisions, and enduring benefit for capital expenditure. Case-Laws Income Tax Tue, 30 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303846