https://www.taxtmi.com/caselaws?id=185714 The Tribunal partly allowed the assessee's appeals. The estimation of interest income on loans and advances was deleted due to sufficient interest-free owned funds. Software expenses were treated as capital expenditure but allowed depreciation at 60%. Amounts paid to LIC and Group Gratuity Scheme were allowed as deductions following a High Court precedent. The disallowance of claim under discount, rebate, and allowance was allowed as it pertained to unrecovered amounts. en-us Fri, 20 Apr 2012 00:00:00 +0530 Wed, 24 Aug 2016 12:26:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185714 The Tribunal partly allowed the assessee's appeals. The estimation of interest income on loans and advances was deleted due to sufficient interest-free owned funds. Software expenses were treated as capital expenditure but allowed depreciation at 60%. Amounts paid to LIC and Group Gratuity Scheme were allowed as deductions following a High Court precedent. The disallowance of claim under discount, rebate, and allowance was allowed as it pertained to unrecovered amounts. Case-Laws Income Tax Fri, 20 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185714