https://www.taxtmi.com/caselaws?id=59362 1. Disallowance of Guest House Expenses u/s 37(4): The Tribunal upheld the disallowance of guest house expenses incurred by the assessee, citing a Supreme Court judgment. 2. Taxation of Cash Compensatory Assistance and Duty Drawback: The Tribunal affirmed the tax treatment of these incomes on an accrual basis, aligning with statutory provisions and case law. 3. Deduction under s. 80-O for Technical Fees: The Tribunal dismissed the appeal, referencing a High Court decision limiting the deduction to 90% of fees received. 4. Deduction under s. 80-IA for New Industrial Undertakings: The Tribunal upheld the denial of deduction, consistent with a previous ruling. 5. Allocation of Head Office Expenses for s. 80-I Deduction: The Tribunal supported the allocation of expenses for determining profits eligible for deduction. 6. Disallowance of Gratuity under s. 43B: The Tribunal upheld the disallowance due to timing of payment. 7. Computation of Business Income for s. 80HHC and s. 80HHE: The Tribunal directed a re-examination based on specified principles. 8. Taxability of Profits from Sale of Transportation Business: The Tribunal clarified the tax treatment of the sale, including capital gains and business profits. 9. Taxability of Interest on Delayed Sale Consideration: The Tribunal upheld the revenue-based taxation of interest. en-us Thu, 05 Apr 2007 00:00:00 +0530 Wed, 11 Jul 2012 15:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59362 1. Disallowance of Guest House Expenses u/s 37(4): The Tribunal upheld the disallowance of guest house expenses incurred by the assessee, citing a Supreme Court judgment. 2. Taxation of Cash Compensatory Assistance and Duty Drawback: The Tribunal affirmed the tax treatment of these incomes on an accrual basis, aligning with statutory provisions and case law. 3. Deduction under s. 80-O for Technical Fees: The Tribunal dismissed the appeal, referencing a High Court decision limiting the deduction to 90% of fees received. 4. Deduction under s. 80-IA for New Industrial Undertakings: The Tribunal upheld the denial of deduction, consistent with a previous ruling. 5. Allocation of Head Office Expenses for s. 80-I Deduction: The Tribunal supported the allocation of expenses for determining profits eligible for deduction. 6. Disallowance of Gratuity under s. 43B: The Tribunal upheld the disallowance due to timing of payment. 7. Computation of Business Income for s. 80HHC and s. 80HHE: The Tribunal directed a re-examination based on specified principles. 8. Taxability of Profits from Sale of Transportation Business: The Tribunal clarified the tax treatment of the sale, including capital gains and business profits. 9. Taxability of Interest on Delayed Sale Consideration: The Tribunal upheld the revenue-based taxation of interest. Case-Laws Income Tax Thu, 05 Apr 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59362