https://www.taxtmi.com/caselaws?id=336835 The tribunal upheld the disallowance of deferred revenue expenses, disallowed depreciation on vehicles initially but later allowed it, set aside disallowances under Section 14A read with Rule 8D, required further evidence for treating loss as speculation loss, allowed foreign traveling expenses, directed charging of interest, and dismissed the challenge to penalty proceedings as premature. The appeal was partly allowed, addressing multiple expense disallowances, loss treatment, and interest charges. en-us Mon, 19 Dec 2016 00:00:00 +0530 Wed, 28 Dec 2016 11:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336835 The tribunal upheld the disallowance of deferred revenue expenses, disallowed depreciation on vehicles initially but later allowed it, set aside disallowances under Section 14A read with Rule 8D, required further evidence for treating loss as speculation loss, allowed foreign traveling expenses, directed charging of interest, and dismissed the challenge to penalty proceedings as premature. The appeal was partly allowed, addressing multiple expense disallowances, loss treatment, and interest charges. Case-Laws Income Tax Mon, 19 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336835