https://www.taxtmi.com/caselaws?id=252946 The ITAT upheld the classification of service income from YRAPL as "business income" rather than "income from other sources," allowed the full deduction of royalty expenditure paid to YRAPL, and rejected the hypothetical disallowance of administrative expenses attributed to YRMPL. It partially upheld the disallowance of lease rent for the managing director's accommodation and allowed the full tax depreciation claim. The ITAT categorized software expenses as capital expenditure but directed verification on the nature of the expenses and allowed depreciation on capitalized software expenses. en-us Thu, 24 Apr 2014 00:00:00 +0530 Sat, 08 Nov 2014 06:17:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252946 The ITAT upheld the classification of service income from YRAPL as "business income" rather than "income from other sources," allowed the full deduction of royalty expenditure paid to YRAPL, and rejected the hypothetical disallowance of administrative expenses attributed to YRMPL. It partially upheld the disallowance of lease rent for the managing director's accommodation and allowed the full tax depreciation claim. The ITAT categorized software expenses as capital expenditure but directed verification on the nature of the expenses and allowed depreciation on capitalized software expenses. Case-Laws Income Tax Thu, 24 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252946