https://www.taxtmi.com/caselaws?id=216310 The Tribunal partly allowed the appeal, directing the AO to re-examine various issues: depreciation on membership cards of BSE and NSE, disallowance of software expenses, rebate under Section 88E, claim of deduction against the share of profit in the branch, and charging of interest under Sections 234B and 234C. Specific directions were given for fresh examination considering all aspects and providing an opportunity for a hearing, allowing software expenses as revenue expenditure, limiting the rebate under Section 88E, requiring TDS for managerial services, and re-computing interest under Sections 234B and 234C. en-us Wed, 20 Jun 2012 00:00:00 +0530 Thu, 06 Sep 2012 05:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216310 The Tribunal partly allowed the appeal, directing the AO to re-examine various issues: depreciation on membership cards of BSE and NSE, disallowance of software expenses, rebate under Section 88E, claim of deduction against the share of profit in the branch, and charging of interest under Sections 234B and 234C. Specific directions were given for fresh examination considering all aspects and providing an opportunity for a hearing, allowing software expenses as revenue expenditure, limiting the rebate under Section 88E, requiring TDS for managerial services, and re-computing interest under Sections 234B and 234C. Case-Laws Income Tax Wed, 20 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216310