https://www.taxtmi.com/caselaws?id=305420 The Tribunal addressed the tax treatment of multiple claims, applying settled principles on allowability. Weighted deduction for R&D was computed on gross expenditure, as receipts from the R&D centre were not reduced. It treated bad debt write-off, actuarially valued long-service liability, application software expense, hedging forex loss, and depreciation on slump-acquisition intangibles as allowable, while deleting the section 14A adjustment for want of recorded dissatisfaction. CSR expenditure was considered allowable for the year, leave-availment and section 80JJAA claims were sent back for verification or reconsideration, and interest under the MSMED Act was disallowed because the statute bars deduction. Dividend distribution tax was also remanded and education cess was not pressed. en-us Tue, 13 Sep 2022 00:00:00 +0530 Sat, 03 Dec 2022 05:02:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305420 The Tribunal addressed the tax treatment of multiple claims, applying settled principles on allowability. Weighted deduction for R&D was computed on gross expenditure, as receipts from the R&D centre were not reduced. It treated bad debt write-off, actuarially valued long-service liability, application software expense, hedging forex loss, and depreciation on slump-acquisition intangibles as allowable, while deleting the section 14A adjustment for want of recorded dissatisfaction. CSR expenditure was considered allowable for the year, leave-availment and section 80JJAA claims were sent back for verification or reconsideration, and interest under the MSMED Act was disallowed because the statute bars deduction. Dividend distribution tax was also remanded and education cess was not pressed. Case-Laws Income Tax Tue, 13 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305420