https://www.taxtmi.com/caselaws?id=241105 The Tribunal partially allowed the appeal of the assessee, directing the AO to reexamine various claims in accordance with the applicable laws and precedents. The disallowance under Section 14A read with Rule 8D was not upheld as Rule 8D was deemed inapplicable for the relevant assessment year. The claim of depreciation on goodwill was allowed based on a Supreme Court judgment recognizing goodwill as depreciable. The repairs and maintenance expenditure disallowance was set aside for reexamination, and the claim of website development expenses was to be verified and adjudicated by the AO. en-us Tue, 22 Oct 2013 00:00:00 +0530 Sat, 19 Mar 2016 18:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241105 The Tribunal partially allowed the appeal of the assessee, directing the AO to reexamine various claims in accordance with the applicable laws and precedents. The disallowance under Section 14A read with Rule 8D was not upheld as Rule 8D was deemed inapplicable for the relevant assessment year. The claim of depreciation on goodwill was allowed based on a Supreme Court judgment recognizing goodwill as depreciable. The repairs and maintenance expenditure disallowance was set aside for reexamination, and the claim of website development expenses was to be verified and adjudicated by the AO. Case-Laws Income Tax Tue, 22 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241105