https://www.taxtmi.com/caselaws?id=463928 ITAT allowed proportionate lease premium as revenue deduction, set aside CIT(A) disallowance and directed AO to allow it. Disallowance under s.14A deleted; administrative expense disallowance limited to 2% of exempt income. New software, DEPB benefit and prior-period expense issues remanded to AO for factual verification. Weighted deduction under s.35(2AB) granted for R&D expenditures incurred before 21/09/2004. s.80IA deduction to be recomputed per applicable HC precedent. Expenditure on dies, moulds, jigs and fixtures allowed as revenue; depreciation and capital asset transfer issues upheld in favour of assessee. Deduction under s.80O for royalty and s.80HHC adjustments for captive wind accepted. Penalty on capital goods treated as capital receipt. en-us Mon, 17 Feb 2025 00:00:00 +0530 Tue, 16 Sep 2025 10:40:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463928 ITAT allowed proportionate lease premium as revenue deduction, set aside CIT(A) disallowance and directed AO to allow it. Disallowance under s.14A deleted; administrative expense disallowance limited to 2% of exempt income. New software, DEPB benefit and prior-period expense issues remanded to AO for factual verification. Weighted deduction under s.35(2AB) granted for R&D expenditures incurred before 21/09/2004. s.80IA deduction to be recomputed per applicable HC precedent. Expenditure on dies, moulds, jigs and fixtures allowed as revenue; depreciation and capital asset transfer issues upheld in favour of assessee. Deduction under s.80O for royalty and s.80HHC adjustments for captive wind accepted. Penalty on capital goods treated as capital receipt. Case-Laws Income Tax Mon, 17 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463928