https://www.taxtmi.com/caselaws?id=467906 Disallowance of performance linked incentive expenditure based only on absence of supporting documents required fresh verification, as the claim was treated as employee-related business expenditure with tax deducted at source under section 192; the matter was remanded to the Assessing Officer for reconsideration after giving the assessee an opportunity. Expenditure on design and development of an e-commerce portal was capital in nature because it created an enduring business advantage, and depreciation at 60% was allowable on that treatment. The tax-effect argument did not change the capital character of the outlay. The appeal succeeded only on the incentive expense issue and failed on the portal development issue. en-us Fri, 14 Feb 2025 00:00:00 +0530 Wed, 08 Apr 2026 20:27:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467906 Disallowance of performance linked incentive expenditure based only on absence of supporting documents required fresh verification, as the claim was treated as employee-related business expenditure with tax deducted at source under section 192; the matter was remanded to the Assessing Officer for reconsideration after giving the assessee an opportunity. Expenditure on design and development of an e-commerce portal was capital in nature because it created an enduring business advantage, and depreciation at 60% was allowable on that treatment. The tax-effect argument did not change the capital character of the outlay. The appeal succeeded only on the incentive expense issue and failed on the portal development issue. Case-Laws Income Tax Fri, 14 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467906