https://www.taxtmi.com/caselaws?id=450761 Section 14A disallowance cannot be made under Rule 8D unless the Assessing Officer first records dissatisfaction with the assessee's own disallowance on the basis of the accounts. Expenditure to explore a new business line or pre-acquisition opportunity is capital in nature, while spending linked to expansion of an existing business may be revenue. Unclaimed additional depreciation on assets used for less than 180 days in the acquisition year may be carried forward to the next year. Dealer trip schemes may qualify as business expenditure, royalty waiver may not crystallise as taxable income, and subsidies or grants are capital receipts where they are intended to promote industrial set-up rather than operational profits. en-us Wed, 06 Mar 2024 00:00:00 +0530 Mon, 21 Jul 2025 13:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450761 Section 14A disallowance cannot be made under Rule 8D unless the Assessing Officer first records dissatisfaction with the assessee's own disallowance on the basis of the accounts. Expenditure to explore a new business line or pre-acquisition opportunity is capital in nature, while spending linked to expansion of an existing business may be revenue. Unclaimed additional depreciation on assets used for less than 180 days in the acquisition year may be carried forward to the next year. Dealer trip schemes may qualify as business expenditure, royalty waiver may not crystallise as taxable income, and subsidies or grants are capital receipts where they are intended to promote industrial set-up rather than operational profits. Case-Laws Income Tax Wed, 06 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450761