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2018 (1) TMI 900 - HC - Income TaxAllowance of expenditure incurred towards restructuring of debenture and claim of depreciation on 'goodwill'- revenue or capital expenditure - Held that:- This issue arising herein stands concluded in favour of the Respondent-Assessee and against the Appellant-Revenue by the decision of this Court in CIT Vs. M/s. Aditya Birla Nuvo Ltd. (2017 (3) TMI 876 - BOMBAY HIGH COURT). Head Office expenses cannot be allocated to profits derived from 100% export oriented units falling under Section 10B - Held that:- Tribunal has allowed the Respondent-Assessee's Appeal by following decision of its coordinate bench in the case of Grasim Industries [2012 (8) TMI 989 - ITAT MUMBAI]. No substantial question of law Appeal admitted on the substantial questions of law at Nos. 1 and 5. 1. Whether on the facts and circumstances of the case and in law, the Tribunal was justified in directing the Assessing Officer to allow the amount claimed by way of provision for leave encashment in view of the provisions of Section 43B(f) of the Act? 5. Whether on the facts and in the circumstances of the case and in law, the Tribunal was right in restricting the disallowance under Section 14A of the Act to ₹ 1,87,954/?
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