https://www.taxtmi.com/caselaws?id=236686 The Tribunal partly allowed both appeals, directing the Assessing Officer (AO) to re-examine the issues in light of relevant judicial decisions and after giving the assessee a reasonable opportunity to be heard. The AO's disallowance under section 14A of the Income-tax Act was restricted to Rs. 31,69,778 following the decision in Godrej and Boyce Mfg. Co. Ltd. The disallowance of service tax under section 43B was deleted as service tax was not payable until received. The disallowance of payment for software charges was rejected as capital expenditure, but depreciation was disallowed. The computation of book profit under section 115JB was to be reconsidered by the AO. en-us Wed, 31 Oct 2012 00:00:00 +0530 Wed, 30 Oct 2013 18:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236686 The Tribunal partly allowed both appeals, directing the Assessing Officer (AO) to re-examine the issues in light of relevant judicial decisions and after giving the assessee a reasonable opportunity to be heard. The AO's disallowance under section 14A of the Income-tax Act was restricted to Rs. 31,69,778 following the decision in Godrej and Boyce Mfg. Co. Ltd. The disallowance of service tax under section 43B was deleted as service tax was not payable until received. The disallowance of payment for software charges was rejected as capital expenditure, but depreciation was disallowed. The computation of book profit under section 115JB was to be reconsidered by the AO. Case-Laws Income Tax Wed, 31 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236686