https://www.taxtmi.com/caselaws?id=438934 Excise duty refund characterised as a capital receipt is excluded from the section 80IB deduction base. Separate registration is not required for section 80IB where an undertaking otherwise meets statutory conditions. Bank guarantee charges are revenue expenditure deductible in the year incurred. Capital subsidy not directly or indirectly meeting asset cost does not reduce actual cost for depreciation. Ad hoc business-expense disallowance without identified defects or bogus claims is unsustainable. Section 80IB claims for specified units require fresh consideration where factual findings conflict. Export profits qualify for section 80HHC deduction where eligibility is established. Section 40(a)(ia) applies to amounts paid as well as payable, sustaining disallowance of the advertisement expense. en-us Fri, 24 Feb 2023 00:00:00 +0530 Mon, 12 Jun 2023 16:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438934 Excise duty refund characterised as a capital receipt is excluded from the section 80IB deduction base. Separate registration is not required for section 80IB where an undertaking otherwise meets statutory conditions. Bank guarantee charges are revenue expenditure deductible in the year incurred. Capital subsidy not directly or indirectly meeting asset cost does not reduce actual cost for depreciation. Ad hoc business-expense disallowance without identified defects or bogus claims is unsustainable. Section 80IB claims for specified units require fresh consideration where factual findings conflict. Export profits qualify for section 80HHC deduction where eligibility is established. Section 40(a)(ia) applies to amounts paid as well as payable, sustaining disallowance of the advertisement expense. Case-Laws Income Tax Fri, 24 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438934