https://www.taxtmi.com/caselaws?id=461454 Interest on bonds issued on amalgamation, and related expenses such as buying commission, festival allowance, miscellaneous expenses, telephone, vehicle and ad hoc selling s, were examined against earlier-year Tribunal findings and were largely dealt with on identical facts. Employer's contribution to PF/ESIC under section 43B(b) required verification of the payment timing, while damages under section 14B of the Provident Funds Act were treated as only partly penal and partly compensatory. Claims for salary, rent and insurance of a closed unit, and sundry debit balances written off, were remanded for fresh factual scrutiny. Leave salary and gratuity paid under a VRS scheme were held to fall within section 35DDA. Consideration for transfer of trademarks and marketing rights was treated as revenue receipt taxable as business income. en-us Wed, 25 May 2022 00:00:00 +0530 Mon, 07 Apr 2025 19:01:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461454 Interest on bonds issued on amalgamation, and related expenses such as buying commission, festival allowance, miscellaneous expenses, telephone, vehicle and ad hoc selling s, were examined against earlier-year Tribunal findings and were largely dealt with on identical facts. Employer's contribution to PF/ESIC under section 43B(b) required verification of the payment timing, while damages under section 14B of the Provident Funds Act were treated as only partly penal and partly compensatory. Claims for salary, rent and insurance of a closed unit, and sundry debit balances written off, were remanded for fresh factual scrutiny. Leave salary and gratuity paid under a VRS scheme were held to fall within section 35DDA. Consideration for transfer of trademarks and marketing rights was treated as revenue receipt taxable as business income. Case-Laws Income Tax Wed, 25 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461454