https://www.taxtmi.com/caselaws?id=311565 ITAT Mumbai ruled in favor of the assessee on multiple issues. Leave encashment provisions for non-retiring employees were held deductible as they don't fall under Section 43B(f) since amounts aren't payable during the year. Contributions to local organizations and rural development activities were allowed as business expenditures. Advertisement film production costs were treated as revenue expenditure given their short useful life. ESOP expenses were permitted based on Special Bench precedent. Section 80IA deductions for rail systems and head office expense apportionment were granted following established judicial precedents. en-us Thu, 05 May 2022 00:00:00 +0530 Tue, 02 Jan 2024 20:17:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311565 ITAT Mumbai ruled in favor of the assessee on multiple issues. Leave encashment provisions for non-retiring employees were held deductible as they don't fall under Section 43B(f) since amounts aren't payable during the year. Contributions to local organizations and rural development activities were allowed as business expenditures. Advertisement film production costs were treated as revenue expenditure given their short useful life. ESOP expenses were permitted based on Special Bench precedent. Section 80IA deductions for rail systems and head office expense apportionment were granted following established judicial precedents. Case-Laws Income Tax Thu, 05 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311565