https://www.taxtmi.com/caselaws?id=151679 The appeal filed by the Revenue was dismissed by the Tribunal on July 24, 2009. The judgment addressed three main issues: 1. Capitalization of expenditure related to site and portal development, 2. Disallowance of interest expenses for making advances to a director, and 3. Disallowance of interest under section 14A in relation to investment in shares/mutual funds yielding exempt dividend income. The Tribunal ruled in favor of the assessee on all three issues, emphasizing the revenue nature of the expenditure, the legitimate source of funds for advances to a director, and the lack of justification for disallowance under section 14A. en-us Fri, 24 Jul 2009 00:00:00 +0530 Wed, 12 Jun 2013 09:58:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151679 The appeal filed by the Revenue was dismissed by the Tribunal on July 24, 2009. The judgment addressed three main issues: 1. Capitalization of expenditure related to site and portal development, 2. Disallowance of interest expenses for making advances to a director, and 3. Disallowance of interest under section 14A in relation to investment in shares/mutual funds yielding exempt dividend income. The Tribunal ruled in favor of the assessee on all three issues, emphasizing the revenue nature of the expenditure, the legitimate source of funds for advances to a director, and the lack of justification for disallowance under section 14A. Case-Laws Income Tax Fri, 24 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151679