https://www.taxtmi.com/caselaws?id=71302 The Tribunal partially allowed the appeals for both assessment years 2001-02 and 2002-03. It permitted full deductions for lead manager fees, SEBI & PSE registration fees, and ad hoc disallowances on sundry, hotel, telephone, fax, traveling, and conveyance expenses, citing lack of justification for personal use by a company. The Tribunal rejected the write-off of Rs. 2,22,04,548 as business loss or revenue expenditure and upheld the treatment of EDP software expenses as capital expenditure. The issue of interest under sections 234A, 234B, and 234C was remitted back to the CIT(A) for a fresh decision. en-us Wed, 28 Feb 2007 00:00:00 +0530 Wed, 21 Feb 2024 15:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71302 The Tribunal partially allowed the appeals for both assessment years 2001-02 and 2002-03. It permitted full deductions for lead manager fees, SEBI & PSE registration fees, and ad hoc disallowances on sundry, hotel, telephone, fax, traveling, and conveyance expenses, citing lack of justification for personal use by a company. The Tribunal rejected the write-off of Rs. 2,22,04,548 as business loss or revenue expenditure and upheld the treatment of EDP software expenses as capital expenditure. The issue of interest under sections 234A, 234B, and 234C was remitted back to the CIT(A) for a fresh decision. Case-Laws Income Tax Wed, 28 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71302