https://www.taxtmi.com/caselaws?id=325778 The Tribunal's consolidated order favored the assessee by directing the AO to allow depreciation on customer rights, delete disallowance under Section 14A for interest expenses, uphold deletion of bad debts disallowance, delete disallowance of depreciation on VSAT, Vanda loss, mark to market loss, and goodwill, as well as delete disallowance on foreign exchange loss. The Tribunal also directed the re-computation of the indexed cost of a stock exchange card based on precedent. Appeals were allowed in part with specific instructions for each issue, reflecting a favorable outcome for the assessee. en-us Fri, 19 Feb 2016 00:00:00 +0530 Mon, 28 Mar 2016 14:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325778 The Tribunal's consolidated order favored the assessee by directing the AO to allow depreciation on customer rights, delete disallowance under Section 14A for interest expenses, uphold deletion of bad debts disallowance, delete disallowance of depreciation on VSAT, Vanda loss, mark to market loss, and goodwill, as well as delete disallowance on foreign exchange loss. The Tribunal also directed the re-computation of the indexed cost of a stock exchange card based on precedent. Appeals were allowed in part with specific instructions for each issue, reflecting a favorable outcome for the assessee. Case-Laws Income Tax Fri, 19 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325778