https://www.taxtmi.com/caselaws?id=463869 ITAT allowed deduction u/s 35D for GDR-issue costs; permitted depreciation on a sale-and-leaseback; treated expenditure on dies, moulds, jigs and fixtures as revenue expenses; allowed proportionate premium on leasehold land; held travel by MD's spouse improperly disallowed by CIT(A) (revenue appeal allowed to restore disallowance); held no interest disallowance under r.8D where own funds exceed investment value; dismissed revenue's challenge under s.40(a)(i) for payments to non-resident suppliers; ruled redemption surplus on treasury bills is not capital gains; allowed wealth-tax payment; treated technical know-how fees as royalty eligible under s.80O; held process know-how acquisition to be capital expenditure; allowed buy-back related expenses as revenue. en-us Fri, 23 Feb 2024 00:00:00 +0530 Fri, 19 Sep 2025 16:28:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463869 ITAT allowed deduction u/s 35D for GDR-issue costs; permitted depreciation on a sale-and-leaseback; treated expenditure on dies, moulds, jigs and fixtures as revenue expenses; allowed proportionate premium on leasehold land; held travel by MD's spouse improperly disallowed by CIT(A) (revenue appeal allowed to restore disallowance); held no interest disallowance under r.8D where own funds exceed investment value; dismissed revenue's challenge under s.40(a)(i) for payments to non-resident suppliers; ruled redemption surplus on treasury bills is not capital gains; allowed wealth-tax payment; treated technical know-how fees as royalty eligible under s.80O; held process know-how acquisition to be capital expenditure; allowed buy-back related expenses as revenue. Case-Laws Income Tax Fri, 23 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463869