https://www.taxtmi.com/caselaws?id=468391 Disallowance of rent equalisation reserve, reversal of provisions for bonus, gratuity and leave encashment, and MAT credit computation all required verification of the assessment record, so each issue was remitted for fresh decision. Expenditure on workstations and interior works in leased premises was treated as revenue expenditure because it did not create a capital asset and was incurred for efficient business operations, so the deduction was allowed. In transfer pricing, L&T Infotech Ltd. and Persistent Systems Ltd. were excluded as comparables due to functional and segmental concerns, while the working capital adjustment issue was remitted for recomputation. en-us Mon, 20 Dec 2021 00:00:00 +0530 Mon, 04 May 2026 18:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468391 Disallowance of rent equalisation reserve, reversal of provisions for bonus, gratuity and leave encashment, and MAT credit computation all required verification of the assessment record, so each issue was remitted for fresh decision. Expenditure on workstations and interior works in leased premises was treated as revenue expenditure because it did not create a capital asset and was incurred for efficient business operations, so the deduction was allowed. In transfer pricing, L&T Infotech Ltd. and Persistent Systems Ltd. were excluded as comparables due to functional and segmental concerns, while the working capital adjustment issue was remitted for recomputation. Case-Laws Income Tax Mon, 20 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468391