https://www.taxtmi.com/caselaws?id=470738 Business deductions are described as available where liabilities crystallise during the year or an accounting error is rectified, including reversal of previously capitalised dye overheads. The notes state that section 14A disallowance does not apply where no exempt income is earned. A scientifically calculated contractual warranty provision, software maintenance charges and software licence fees limited to a right of use are treated as revenue expenditure. They also address eligibility for additional-wages deduction on verified employee records, enhanced depreciation for qualifying light motor vehicles, and bad-debt deductions where income was previously taxed and debts are written off. An appellate authority may entertain a sustainable fresh claim on verified material. 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 are described as available where liabilities crystallise during the year or an accounting error is rectified, including reversal of previously capitalised dye overheads. The notes state that section 14A disallowance does not apply where no exempt income is earned. A scientifically calculated contractual warranty provision, software maintenance charges and software licence fees limited to a right of use are treated as revenue expenditure. They also address eligibility for additional-wages deduction on verified employee records, enhanced depreciation for qualifying light motor vehicles, and bad-debt deductions where income was previously taxed and debts are written off. An appellate authority may entertain a sustainable fresh claim on verified material. Case-Laws Income Tax Tue, 05 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470738