https://www.taxtmi.com/caselaws?id=246186 The Tribunal partly allowed the Revenue's appeal, directing the AO to verify specific issues such as the treatment of product development expenses, depreciation on assets, and disallowance under Section 14A. The Tribunal upheld the disallowance of product development expenses as revenue expenditure, restriction of depreciation on certain assets, and reduction of disallowance under Section 14A. However, it set aside the denial of depreciation on product development expenses and deletion of addition on account of capitalization of interest for further verification by the AO. en-us Fri, 21 Feb 2014 00:00:00 +0530 Fri, 18 Apr 2014 16:01:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246186 The Tribunal partly allowed the Revenue's appeal, directing the AO to verify specific issues such as the treatment of product development expenses, depreciation on assets, and disallowance under Section 14A. The Tribunal upheld the disallowance of product development expenses as revenue expenditure, restriction of depreciation on certain assets, and reduction of disallowance under Section 14A. However, it set aside the denial of depreciation on product development expenses and deletion of addition on account of capitalization of interest for further verification by the AO. Case-Laws Income Tax Fri, 21 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246186