https://www.taxtmi.com/caselaws?id=239746 The Tribunal partly allowed the appeals, restoring certain issues to the Assessing Officer for fresh consideration, while upholding the CIT(A)'s findings on other matters. The disallowance of bad debts was deleted, depreciation on leased assets was allowed, and software expenses were treated as revenue expenditure. Additionally, subscription to SEBI was allowed, excess cash addition was deleted, and surplus from jewel auction was not added. However, disallowances for filing fees, excess depreciation claimed, interest accrued on securities, and expenditure for tax-free income were upheld. The Tribunal also directed fresh verification on certain issues and rejected challenges to the validity of reopening the assessment. en-us Thu, 31 Jan 2013 00:00:00 +0530 Mon, 18 Nov 2013 18:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239746 The Tribunal partly allowed the appeals, restoring certain issues to the Assessing Officer for fresh consideration, while upholding the CIT(A)'s findings on other matters. The disallowance of bad debts was deleted, depreciation on leased assets was allowed, and software expenses were treated as revenue expenditure. Additionally, subscription to SEBI was allowed, excess cash addition was deleted, and surplus from jewel auction was not added. However, disallowances for filing fees, excess depreciation claimed, interest accrued on securities, and expenditure for tax-free income were upheld. The Tribunal also directed fresh verification on certain issues and rejected challenges to the validity of reopening the assessment. Case-Laws Income Tax Thu, 31 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239746