https://www.taxtmi.com/caselaws?id=58530 The appeals by the assessee were allowed in part, with the Tribunal ruling in favor of the assessee on various grounds including taxation of capital gains on debenture conversion, relief on price escalation, interest on compensation for sale of a company's undertaking, additional gratuity and ex gratia payments to employees. The Tribunal also upheld the disallowance of legal fees as capital expenditure and ruled against the Department on issues such as capitalization of interest, treatment of commitment charges, depreciation on Wadi work, computation of process escalation amounts, perquisites under Section 40A(5), and contributions to welfare funds under Section 40A(9). en-us Wed, 09 Feb 1994 00:00:00 +0530 Mon, 20 Dec 2010 14:46:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58530 The appeals by the assessee were allowed in part, with the Tribunal ruling in favor of the assessee on various grounds including taxation of capital gains on debenture conversion, relief on price escalation, interest on compensation for sale of a company's undertaking, additional gratuity and ex gratia payments to employees. The Tribunal also upheld the disallowance of legal fees as capital expenditure and ruled against the Department on issues such as capitalization of interest, treatment of commitment charges, depreciation on Wadi work, computation of process escalation amounts, perquisites under Section 40A(5), and contributions to welfare funds under Section 40A(9). Case-Laws Income Tax Wed, 09 Feb 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58530