https://www.taxtmi.com/caselaws?id=432611 The Tribunal partially allowed the appeal, overturning the disallowance of additional depreciation on new assets but upholding disallowances related to sales promotion expenses, R&D expenditure, and re-computation of book profit under Section 115JB. The Tribunal ruled that gifting freebies to medical practitioners is prohibited by law, leading to the disallowance of sales promotion expenses. The R&D expenditure was disallowed due to facility approval not being for the relevant year, and provisions for leave encashment and gratuity were deemed ascertained liabilities not required to be added back to book profit under Section 115JB. en-us Fri, 18 Nov 2022 00:00:00 +0530 Tue, 10 Jan 2023 09:24:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432611 The Tribunal partially allowed the appeal, overturning the disallowance of additional depreciation on new assets but upholding disallowances related to sales promotion expenses, R&D expenditure, and re-computation of book profit under Section 115JB. The Tribunal ruled that gifting freebies to medical practitioners is prohibited by law, leading to the disallowance of sales promotion expenses. The R&D expenditure was disallowed due to facility approval not being for the relevant year, and provisions for leave encashment and gratuity were deemed ascertained liabilities not required to be added back to book profit under Section 115JB. Case-Laws Income Tax Fri, 18 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432611