https://www.taxtmi.com/caselaws?id=212762 The Tribunal dismissed the assessee's appeal regarding the disallowance of lease premium paid to BMRDA, stating it was capital in nature. The Tribunal allowed prior period adjustments, Y2K expenses, and PF contributions before the due date. It directed a fresh decision on software expenses, remitted maintenance charges treatment for reconsideration, and restricted disallowances under Section 14A and for earning exempt interest income. Depreciation on software was allowed at 60%, and on VSAT equipment as per previous decisions. The Tribunal issued a consolidated judgment for all assessment years without separate judgments. en-us Fri, 30 Dec 2011 00:00:00 +0530 Tue, 24 Apr 2012 21:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212762 The Tribunal dismissed the assessee's appeal regarding the disallowance of lease premium paid to BMRDA, stating it was capital in nature. The Tribunal allowed prior period adjustments, Y2K expenses, and PF contributions before the due date. It directed a fresh decision on software expenses, remitted maintenance charges treatment for reconsideration, and restricted disallowances under Section 14A and for earning exempt interest income. Depreciation on software was allowed at 60%, and on VSAT equipment as per previous decisions. The Tribunal issued a consolidated judgment for all assessment years without separate judgments. Case-Laws Income Tax Fri, 30 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212762