https://www.taxtmi.com/caselaws?id=335011 The appeals were allowed in favor of the appellant. The first issue regarding disallowance under section 14A was remanded to the Assessing Officer for fresh assessment as the disallowance was deemed excessive due to lack of inquiry into the nature of investments and exempt income. The second issue concerning the disallowance of Software Usage Charges was decided in favor of the appellant based on the enduring benefits of the software expenditure, following a precedent where software upgrades were treated as revenue expenditure. en-us Fri, 30 Sep 2016 00:00:00 +0530 Mon, 21 Nov 2016 15:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335011 The appeals were allowed in favor of the appellant. The first issue regarding disallowance under section 14A was remanded to the Assessing Officer for fresh assessment as the disallowance was deemed excessive due to lack of inquiry into the nature of investments and exempt income. The second issue concerning the disallowance of Software Usage Charges was decided in favor of the appellant based on the enduring benefits of the software expenditure, following a precedent where software upgrades were treated as revenue expenditure. Case-Laws Income Tax Fri, 30 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335011