https://www.taxtmi.com/caselaws?id=777405 Electrical fittings were treated as furniture and fittings, so depreciation at 10% was upheld rather than 15% as plant and machinery. The Tribunal also accepted deletion of disallowance under section 40(a)(i) where tax deducted on payment to a non-resident was remitted before the return-filing due date, applying the amended curative regime. For section 10B computation, foreign exchange fluctuation loss directly attributable to eligible units could not be reallocated on a turnover basis, and research and development expenses were not shown to warrant apportionment to those units. The Tribunal further applied the principle that section 10B deduction is computed before set-off of carried-forward business loss under Chapter VI. en-us Fri, 25 Jul 2025 00:00:00 +0530 Mon, 25 Aug 2025 12:56:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777405 Electrical fittings were treated as furniture and fittings, so depreciation at 10% was upheld rather than 15% as plant and machinery. The Tribunal also accepted deletion of disallowance under section 40(a)(i) where tax deducted on payment to a non-resident was remitted before the return-filing due date, applying the amended curative regime. For section 10B computation, foreign exchange fluctuation loss directly attributable to eligible units could not be reallocated on a turnover basis, and research and development expenses were not shown to warrant apportionment to those units. The Tribunal further applied the principle that section 10B deduction is computed before set-off of carried-forward business loss under Chapter VI. Case-Laws Income Tax Fri, 25 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777405