https://www.taxtmi.com/caselaws?id=338795 The Court dismissed the appeal, upholding the ITAT's decision to disallow deductions claimed by the appellant for license fee, external development charges, and conversion charges. The Court found that the appellant's claims were not supported by the MoU and sale deed, which did not mention additional payments for these costs. The Court also determined that the appellant's reliance on precedents for the valuation of closing stock and costs was not applicable in this case, as the claimed deductions were not substantiated by relevant documents. The appeal was dismissed, affirming the disallowance by the AO, CIT(A), and ITAT. en-us Fri, 03 Feb 2017 00:00:00 +0530 Fri, 28 Jul 2017 16:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338795 The Court dismissed the appeal, upholding the ITAT's decision to disallow deductions claimed by the appellant for license fee, external development charges, and conversion charges. The Court found that the appellant's claims were not supported by the MoU and sale deed, which did not mention additional payments for these costs. The Court also determined that the appellant's reliance on precedents for the valuation of closing stock and costs was not applicable in this case, as the claimed deductions were not substantiated by relevant documents. The appeal was dismissed, affirming the disallowance by the AO, CIT(A), and ITAT. Case-Laws Income Tax Fri, 03 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338795