https://www.taxtmi.com/caselaws?id=206479 The Tribunal partly allowed the assessee's appeals regarding the disallowance of foreseeable losses and the treatment of computer software expenditure. The issue of foreseeable losses was remanded back to the A.O. for proper quantification. The Tribunal also remanded the revenue's appeals on the treatment of computer software expenditure for fresh adjudication in light of a specific decision. The reduction of unabsorbed depreciation while computing profits for deduction under section 80HHE was upheld in favor of the revenue. en-us Tue, 26 May 2009 00:00:00 +0530 Thu, 03 Nov 2011 07:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206479 The Tribunal partly allowed the assessee's appeals regarding the disallowance of foreseeable losses and the treatment of computer software expenditure. The issue of foreseeable losses was remanded back to the A.O. for proper quantification. The Tribunal also remanded the revenue's appeals on the treatment of computer software expenditure for fresh adjudication in light of a specific decision. The reduction of unabsorbed depreciation while computing profits for deduction under section 80HHE was upheld in favor of the revenue. Case-Laws Income Tax Tue, 26 May 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206479