https://www.taxtmi.com/caselaws?id=210360 The Tribunal partly allowed the appeals, directing fresh adjudication on specific issues while upholding the CIT(A)'s decisions on others. The Revenue's challenges regarding depreciation on Stock Exchange Membership Card, disallowance of penalty/fine, addition of bad debts, and credit for TDS on dividend income were dismissed. The matter of setting off losses on investments against gains in shares was sent back to the A.O. for reconsideration. The addition of advances not recoverable written off was upheld, and the issue of software expenses was remanded for fresh adjudication. en-us Wed, 15 Jun 2011 00:00:00 +0530 Wed, 08 Feb 2012 17:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210360 The Tribunal partly allowed the appeals, directing fresh adjudication on specific issues while upholding the CIT(A)'s decisions on others. The Revenue's challenges regarding depreciation on Stock Exchange Membership Card, disallowance of penalty/fine, addition of bad debts, and credit for TDS on dividend income were dismissed. The matter of setting off losses on investments against gains in shares was sent back to the A.O. for reconsideration. The addition of advances not recoverable written off was upheld, and the issue of software expenses was remanded for fresh adjudication. Case-Laws Income Tax Wed, 15 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210360