https://www.taxtmi.com/caselaws?id=269194 The Assessee's appeals for A.Y. 2008-09 were partly allowed, and for A.Y. 2009-10 were dismissed. The Revenue's appeals for both years were also dismissed. The Tribunal held that for A.Y. 2008-09, 3% of exempt income should be disallowed under section 14A, while for A.Y. 2009-10, Rule 8D applied. Additionally, deductions for overseas travel and telecommunication expenses were allowed under section 10B for A.Y. 2008-09, and software expenses were treated as revenue expenditure. The Tribunal upheld the decisions of the CIT (A) regarding these matters. en-us Tue, 02 Jun 2015 00:00:00 +0530 Wed, 09 Dec 2015 13:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269194 The Assessee's appeals for A.Y. 2008-09 were partly allowed, and for A.Y. 2009-10 were dismissed. The Revenue's appeals for both years were also dismissed. The Tribunal held that for A.Y. 2008-09, 3% of exempt income should be disallowed under section 14A, while for A.Y. 2009-10, Rule 8D applied. Additionally, deductions for overseas travel and telecommunication expenses were allowed under section 10B for A.Y. 2008-09, and software expenses were treated as revenue expenditure. The Tribunal upheld the decisions of the CIT (A) regarding these matters. Case-Laws Income Tax Tue, 02 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269194