https://www.taxtmi.com/caselaws?id=214698 The Revenue's appeal challenging various disallowances was dismissed by the Tribunal. The disallowance of garden expenses and weighted expenditure on R&D expenses were upheld in favor of the assessee based on precedents. The disallowance of Rs. 63,00,000 claimed on the revenue account for ERP implementation was overturned as revenue expenditure. However, the claim for deduction under Section 35(2AB) for motor car expenses and interest was rejected. The disallowance under Section 14A was deleted, following a High Court ruling. The outcome regarding the levy of interest under Section 234D and withdrawal under Section 244A was not elaborated upon. en-us Thu, 31 May 2012 00:00:00 +0530 Thu, 12 Jul 2012 09:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214698 The Revenue's appeal challenging various disallowances was dismissed by the Tribunal. The disallowance of garden expenses and weighted expenditure on R&D expenses were upheld in favor of the assessee based on precedents. The disallowance of Rs. 63,00,000 claimed on the revenue account for ERP implementation was overturned as revenue expenditure. However, the claim for deduction under Section 35(2AB) for motor car expenses and interest was rejected. The disallowance under Section 14A was deleted, following a High Court ruling. The outcome regarding the levy of interest under Section 234D and withdrawal under Section 244A was not elaborated upon. Case-Laws Income Tax Thu, 31 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214698