https://www.taxtmi.com/caselaws?id=472473 Employee stock option expenditure and principal payments under finance leases are treated as allowable revenue expenditure, notwithstanding book capitalisation of leased assets. Unearned income shown as a current liability is not taxable in the relevant year. Overseas termination, interconnect, bandwidth, legal and professional payments to non-residents are not subject to withholding where the payments are not royalty or otherwise chargeable in India, including where services are performed outside India and recipients lack an Indian permanent establishment. Computer software falls within the computers depreciation block. Unabsorbed depreciation from earlier years remains eligible for carry-forward without time restriction. en-us Tue, 06 Sep 2022 00:00:00 +0530 Wed, 14 Oct 2026 10:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472473 Employee stock option expenditure and principal payments under finance leases are treated as allowable revenue expenditure, notwithstanding book capitalisation of leased assets. Unearned income shown as a current liability is not taxable in the relevant year. Overseas termination, interconnect, bandwidth, legal and professional payments to non-residents are not subject to withholding where the payments are not royalty or otherwise chargeable in India, including where services are performed outside India and recipients lack an Indian permanent establishment. Computer software falls within the computers depreciation block. Unabsorbed depreciation from earlier years remains eligible for carry-forward without time restriction. Case-Laws Income Tax Tue, 06 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472473