https://www.taxtmi.com/caselaws?id=180214 The Tribunal allowed the appeal, overturning disallowances by the Assessing Officer and the ld. CIT(A) for expenses related to dividend income, increase of share capital, and software expenses. The Tribunal emphasized that the Assessing Officer cannot exceed provisions of sec. 44 and Schedule-I to disallow expenses under sec. 14A, or go beyond sec. 44 to disallow expenses for share capital increase. Additionally, the Tribunal ruled that disallowing software expenses as capital expenditure was impermissible under sec. 44. en-us Thu, 09 Sep 2010 00:00:00 +0530 Thu, 10 Aug 2023 09:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180214 The Tribunal allowed the appeal, overturning disallowances by the Assessing Officer and the ld. CIT(A) for expenses related to dividend income, increase of share capital, and software expenses. The Tribunal emphasized that the Assessing Officer cannot exceed provisions of sec. 44 and Schedule-I to disallow expenses under sec. 14A, or go beyond sec. 44 to disallow expenses for share capital increase. Additionally, the Tribunal ruled that disallowing software expenses as capital expenditure was impermissible under sec. 44. Case-Laws Income Tax Thu, 09 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180214