https://www.taxtmi.com/caselaws?id=470908 Provision for doubtful debts unsupported by evidence or write-off is not an ascertained liability for book-profit computation under section 115JB, and unsubstantiated expenditure and unidentified unclaimed liabilities remain disallowable or taxable. An ad hoc expense disallowance is impermissible where business expenditure is accepted and books are not rejected. Software licence and maintenance costs require item-wise assessment of purpose, duration, recurrence and enduring benefit. Foreign-exchange hedging and marked-to-market gains require a direct export nexus for deduction under section 10A. Excess dividend distribution tax requires verification for refund, while employee stock-option discount is allowable business expenditure. en-us Mon, 05 Aug 2024 00:00:00 +0530 Thu, 13 Aug 2026 12:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470908 Provision for doubtful debts unsupported by evidence or write-off is not an ascertained liability for book-profit computation under section 115JB, and unsubstantiated expenditure and unidentified unclaimed liabilities remain disallowable or taxable. An ad hoc expense disallowance is impermissible where business expenditure is accepted and books are not rejected. Software licence and maintenance costs require item-wise assessment of purpose, duration, recurrence and enduring benefit. Foreign-exchange hedging and marked-to-market gains require a direct export nexus for deduction under section 10A. Excess dividend distribution tax requires verification for refund, while employee stock-option discount is allowable business expenditure. Case-Laws Income Tax Mon, 05 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470908