https://www.taxtmi.com/caselaws?id=255767 The ITAT partly allowed the assessee's appeal in ITA 168 of 2011, upholding the disallowance of depreciation on the BSE Card and foreign exchange loss but allowing depreciation on customer rights, bad debts, VSAT, Vanda loss, and goodwill. The ITAT also directed a reasonable disallowance under Section 14A and allowed the membership fee. The revenue's appeal in ITA 1029 of 2011 was also partly allowed. en-us Wed, 21 Jan 2015 00:00:00 +0530 Tue, 27 Jan 2015 12:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255767 The ITAT partly allowed the assessee's appeal in ITA 168 of 2011, upholding the disallowance of depreciation on the BSE Card and foreign exchange loss but allowing depreciation on customer rights, bad debts, VSAT, Vanda loss, and goodwill. The ITAT also directed a reasonable disallowance under Section 14A and allowed the membership fee. The revenue's appeal in ITA 1029 of 2011 was also partly allowed. Case-Laws Income Tax Wed, 21 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255767