https://www.taxtmi.com/caselaws?id=308803 Deduction claims and related disallowances were treated largely as fact-dependent matters requiring fresh examination where the record did not adequately address manufacture, asset character, unit-wise expenditure allocation, or depreciation classification. The Tribunal remanded the section 80IC, section 14A, section 115JB, additional depreciation, common expenditure, and UPS depreciation issues for reconsideration. By contrast, the weighted deduction under section 35(2AB) and the leave salary provision disallowance were sustained because the statutory approval and binding precedent governed the outcome. Payments for logistics services to a non-resident were held not disallowable, as the services were rendered outside India and were neither managerial nor technical, and the forward contract loss was accepted as allowable business loss. en-us Thu, 21 Nov 2019 00:00:00 +0530 Thu, 19 Dec 2024 13:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308803 Deduction claims and related disallowances were treated largely as fact-dependent matters requiring fresh examination where the record did not adequately address manufacture, asset character, unit-wise expenditure allocation, or depreciation classification. The Tribunal remanded the section 80IC, section 14A, section 115JB, additional depreciation, common expenditure, and UPS depreciation issues for reconsideration. By contrast, the weighted deduction under section 35(2AB) and the leave salary provision disallowance were sustained because the statutory approval and binding precedent governed the outcome. Payments for logistics services to a non-resident were held not disallowable, as the services were rendered outside India and were neither managerial nor technical, and the forward contract loss was accepted as allowable business loss. Case-Laws Income Tax Thu, 21 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308803