https://www.taxtmi.com/caselaws?id=190768 The Tribunal partly allowed the appeal, setting aside certain disallowances of legal fees and other fees due to lack of substantiation. The issues of software license fees, consultancy charges, and interest expenses were remanded back to the AO for fresh adjudication in line with relevant legal precedents. The expenditure on repairs to furniture was found to be revenue in nature, reversing the addition confirmed by the CIT (A). The AO was directed to reconsider the disallowance of interest expenses u/s 14A without applying Rule-8D. en-us Wed, 02 Jan 2013 00:00:00 +0530 Sat, 25 Feb 2017 12:21:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190768 The Tribunal partly allowed the appeal, setting aside certain disallowances of legal fees and other fees due to lack of substantiation. The issues of software license fees, consultancy charges, and interest expenses were remanded back to the AO for fresh adjudication in line with relevant legal precedents. The expenditure on repairs to furniture was found to be revenue in nature, reversing the addition confirmed by the CIT (A). The AO was directed to reconsider the disallowance of interest expenses u/s 14A without applying Rule-8D. Case-Laws Income Tax Wed, 02 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190768