https://www.taxtmi.com/caselaws?id=463887 ITAT MUMBAI - AT upheld disallowance of claimed employee PF contributions per binding precedent, allowed SAP-ERP expenses as revenue, permitted netting and taxation treatment of interest on income-tax refund, and treated surplus on pre-payment of sales-tax loan as non-taxable capital receipt. ESOP costs and retirement-trust administration expenses were allowed as business deductions; depreciation disallowance on assets forming part of a block was deleted; certain 43B disallowances were reversed; deduction under s.80IA was allowed for specified income including rail projects; bad-debts write-off relief was sustained; cost of share acquisition to be verified and allowed; foreign dividend from Egypt non-taxable; TUF subsidy treated as capital; education cess deemed a tax. en-us Wed, 21 May 2025 00:00:00 +0530 Sat, 20 Sep 2025 15:28:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463887 ITAT MUMBAI - AT upheld disallowance of claimed employee PF contributions per binding precedent, allowed SAP-ERP expenses as revenue, permitted netting and taxation treatment of interest on income-tax refund, and treated surplus on pre-payment of sales-tax loan as non-taxable capital receipt. ESOP costs and retirement-trust administration expenses were allowed as business deductions; depreciation disallowance on assets forming part of a block was deleted; certain 43B disallowances were reversed; deduction under s.80IA was allowed for specified income including rail projects; bad-debts write-off relief was sustained; cost of share acquisition to be verified and allowed; foreign dividend from Egypt non-taxable; TUF subsidy treated as capital; education cess deemed a tax. Case-Laws Income Tax Wed, 21 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463887