https://www.taxtmi.com/caselaws?id=56200 The Tribunal ruled that only 1/6th of the technical know-how fees is deductible under section 35AB. Interest and commitment charges for certain projects were allowed as revenue expenditure under section 36(1)(iii), but depreciation on the capitalized interest was withdrawn. Consultancy fees for a feasibility study were disallowed as capital expenditure. In computing deduction under section 80HHC, excise duty and sales tax were included in total turnover, insurance receipts were included in business profits, but dividend income was excluded. en-us Fri, 25 Aug 2000 00:00:00 +0530 Mon, 13 Jun 2016 14:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56200 The Tribunal ruled that only 1/6th of the technical know-how fees is deductible under section 35AB. Interest and commitment charges for certain projects were allowed as revenue expenditure under section 36(1)(iii), but depreciation on the capitalized interest was withdrawn. Consultancy fees for a feasibility study were disallowed as capital expenditure. In computing deduction under section 80HHC, excise duty and sales tax were included in total turnover, insurance receipts were included in business profits, but dividend income was excluded. Case-Laws Income Tax Fri, 25 Aug 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56200