https://www.taxtmi.com/caselaws?id=262694 The Tribunal ruled in favor of the assessee on various issues, including the disallowance of software expenditure as revenue in nature, disallowance of entrance fee paid to a club, and disallowance of deduction under certain sections of the Act. The Tribunal directed the Assessing Officer to recompute deductions and reallocate expenses based on actual use. The levy of interest under sections 234B and 234C was upheld as mandatory. The Tribunal provided detailed reasoning based on legal precedents, partially allowing the assessee's appeals and dismissing the Revenue's appeals. en-us Fri, 29 May 2015 00:00:00 +0530 Tue, 01 Nov 2022 12:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262694 The Tribunal ruled in favor of the assessee on various issues, including the disallowance of software expenditure as revenue in nature, disallowance of entrance fee paid to a club, and disallowance of deduction under certain sections of the Act. The Tribunal directed the Assessing Officer to recompute deductions and reallocate expenses based on actual use. The levy of interest under sections 234B and 234C was upheld as mandatory. The Tribunal provided detailed reasoning based on legal precedents, partially allowing the assessee's appeals and dismissing the Revenue's appeals. Case-Laws Income Tax Fri, 29 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262694