https://www.taxtmi.com/caselaws?id=461750 Rule 6D disallowance could not be extended to non-restricted business expenditure incurred during travel, and the ad hoc foreign-travel estimate was deleted for lack of factual basis. Closing stock could not be increased by Modvat credit where the net inventory method did not distort profit. Software support and maintenance charges, Vision 2000 expenses, and ULC-related professional fees were treated as revenue expenditure, while only item-specific outgoings lacking business nexus were disallowed. For section 80M, only expenditure directly relatable to dividend income could be reduced, so an estimated administrative deduction was impermissible. UTI unit loss was not speculative under the Explanation to section 73, depreciation on technical know-how fees failed under section 35AB, and sales tax and excise duty were excluded from turnover for section 80HHC. en-us Thu, 04 Nov 2010 00:00:00 +0530 Fri, 25 Apr 2025 17:32:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461750 Rule 6D disallowance could not be extended to non-restricted business expenditure incurred during travel, and the ad hoc foreign-travel estimate was deleted for lack of factual basis. Closing stock could not be increased by Modvat credit where the net inventory method did not distort profit. Software support and maintenance charges, Vision 2000 expenses, and ULC-related professional fees were treated as revenue expenditure, while only item-specific outgoings lacking business nexus were disallowed. For section 80M, only expenditure directly relatable to dividend income could be reduced, so an estimated administrative deduction was impermissible. UTI unit loss was not speculative under the Explanation to section 73, depreciation on technical know-how fees failed under section 35AB, and sales tax and excise duty were excluded from turnover for section 80HHC. Case-Laws Income Tax Thu, 04 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461750