https://www.taxtmi.com/caselaws?id=769508 Depreciation on demerger-transferred assets, revenue treatment of software and VRS-related liability, and allowance of foreign travel and estimated expense provisions were accepted on the facts, while Rule 8D was held inapplicable and a reasonable section 14A disallowance was sustained in part. Stock valuation adjustments, Modvat alignment, and capital gains computation were directed to follow consistent methods, with royalty receipts excluded under section 80HHC and notional rent taxed subject to fresh annual letting value computation. Several matters, including advances written off, interest under section 234C, and section 50C applicability, were remitted for verification. en-us Fri, 21 Mar 2025 00:00:00 +0530 Sat, 26 Apr 2025 08:30:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769508 Depreciation on demerger-transferred assets, revenue treatment of software and VRS-related liability, and allowance of foreign travel and estimated expense provisions were accepted on the facts, while Rule 8D was held inapplicable and a reasonable section 14A disallowance was sustained in part. Stock valuation adjustments, Modvat alignment, and capital gains computation were directed to follow consistent methods, with royalty receipts excluded under section 80HHC and notional rent taxed subject to fresh annual letting value computation. Several matters, including advances written off, interest under section 234C, and section 50C applicability, were remitted for verification. Case-Laws Income Tax Fri, 21 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769508