https://www.taxtmi.com/caselaws?id=262299 Section 14A disallowance for exempt income was left undisturbed because the authorities followed the assessee's own earlier case and no reason was shown to depart from that consistent view. The alleged write off of non-convertible debentures was remanded for fresh examination because the issue depended on whether there was an actual write off or only a provision. Branch computerisation expenditure was held to be revenue in nature, as it improved operational efficiency without creating a capital asset. Deduction under section 36(1)(viia) was directed to be allowed subject to statutory limits, and amortisation of premium on held-to-maturity investments was allowed in line with banking practice and RBI norms. Section 115JB was held inapplicable to a banking company. en-us Thu, 28 Aug 2014 00:00:00 +0530 Wed, 05 Aug 2015 11:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262299 Section 14A disallowance for exempt income was left undisturbed because the authorities followed the assessee's own earlier case and no reason was shown to depart from that consistent view. The alleged write off of non-convertible debentures was remanded for fresh examination because the issue depended on whether there was an actual write off or only a provision. Branch computerisation expenditure was held to be revenue in nature, as it improved operational efficiency without creating a capital asset. Deduction under section 36(1)(viia) was directed to be allowed subject to statutory limits, and amortisation of premium on held-to-maturity investments was allowed in line with banking practice and RBI norms. Section 115JB was held inapplicable to a banking company. Case-Laws Income Tax Thu, 28 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262299