https://www.taxtmi.com/caselaws?id=470738 Business deductions were considered allowable for liabilities crystallising during the year and correction of wrongly capitalised expenditure, where the claim was genuine and revenue-neutral. No disallowance under section 14A was permissible without exempt income. Scientifically computed contractual warranty provisions, software maintenance charges and licence fees conferring only a right to use software were treated as revenue expenditure. Additional-wage deduction was available where prescribed certification and employee particulars were verified. Light motor vehicles meeting the applicable commercial-vehicle definition qualified for enhanced depreciation. Bad debts written off after earlier taxation of the related income could be allowed by the appellate authority despite omission from the original return. en-us Tue, 05 Mar 2024 00:00:00 +0530 Thu, 06 Aug 2026 15:15:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470738 Business deductions were considered allowable for liabilities crystallising during the year and correction of wrongly capitalised expenditure, where the claim was genuine and revenue-neutral. No disallowance under section 14A was permissible without exempt income. Scientifically computed contractual warranty provisions, software maintenance charges and licence fees conferring only a right to use software were treated as revenue expenditure. Additional-wage deduction was available where prescribed certification and employee particulars were verified. Light motor vehicles meeting the applicable commercial-vehicle definition qualified for enhanced depreciation. Bad debts written off after earlier taxation of the related income could be allowed by the appellate authority despite omission from the original return. Case-Laws Income Tax Tue, 05 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470738