https://www.taxtmi.com/caselaws?id=208765 The Tribunal partly allowed the assessee's appeal by validating the assessment reopening and permitting software expenses as a business loss. The Revenue's appeal was partly allowed, denying depreciation on the BSE membership card but upholding business promotion expenditure and diminution in investment value. The cross objection regarding the inquiry scope upon assessment reopening was deemed academic and not further adjudicated. en-us Thu, 28 Jan 2010 00:00:00 +0530 Sat, 28 Jan 2012 09:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208765 The Tribunal partly allowed the assessee's appeal by validating the assessment reopening and permitting software expenses as a business loss. The Revenue's appeal was partly allowed, denying depreciation on the BSE membership card but upholding business promotion expenditure and diminution in investment value. The cross objection regarding the inquiry scope upon assessment reopening was deemed academic and not further adjudicated. Case-Laws Income Tax Thu, 28 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208765