https://www.taxtmi.com/caselaws?id=181063 The Tribunal allowed the assessee's appeal regarding the addition of membership fees and the taxability of excess assets, while upholding the disallowance of foreign exchange loss, unabsorbed depreciation, and capital nature of expenditure. The direction to verify certain expenditure was dismissed. The disallowance of software purchase was deleted. The Revenue's appeal was partially allowed, with the deduction of furniture cost allowed and disallowances of ESOP compensation and consultancy charges deleted. The orders were pronounced on 17th October 2012 in Chennai. en-us Wed, 17 Oct 2012 00:00:00 +0530 Wed, 06 Apr 2016 16:31:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181063 The Tribunal allowed the assessee's appeal regarding the addition of membership fees and the taxability of excess assets, while upholding the disallowance of foreign exchange loss, unabsorbed depreciation, and capital nature of expenditure. The direction to verify certain expenditure was dismissed. The disallowance of software purchase was deleted. The Revenue's appeal was partially allowed, with the deduction of furniture cost allowed and disallowances of ESOP compensation and consultancy charges deleted. The orders were pronounced on 17th October 2012 in Chennai. Case-Laws Income Tax Wed, 17 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181063