https://www.taxtmi.com/caselaws?id=185554 Section 14A disallowance, where Rule 8D was inapplicable for the year, was required to be made on a reasonable estimate and was sustained at 10% of exempt-income related expenditure. SAP/ERP implementation and maintenance costs were treated as revenue expenditure because the software was licensed, ownership remained with the licensor, and no capital asset was created in the assessee's hands. Royalty paid for brand acquisition was allowed as depreciation-linked cost, while depreciation on marketing know-how was not sustained. Bad debts were allowable on actual write-off. Section 80HHC and MAT-related book profit issues were partly remanded, and interest under sections 234B and 234C was not leviable in the MAT context. Deduction under section 35(1)(iv) was allowed for capital research expenditure on land and building. en-us Wed, 06 Oct 2010 00:00:00 +0530 Fri, 19 Aug 2016 15:20:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185554 Section 14A disallowance, where Rule 8D was inapplicable for the year, was required to be made on a reasonable estimate and was sustained at 10% of exempt-income related expenditure. SAP/ERP implementation and maintenance costs were treated as revenue expenditure because the software was licensed, ownership remained with the licensor, and no capital asset was created in the assessee's hands. Royalty paid for brand acquisition was allowed as depreciation-linked cost, while depreciation on marketing know-how was not sustained. Bad debts were allowable on actual write-off. Section 80HHC and MAT-related book profit issues were partly remanded, and interest under sections 234B and 234C was not leviable in the MAT context. Deduction under section 35(1)(iv) was allowed for capital research expenditure on land and building. Case-Laws Income Tax Wed, 06 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185554