https://www.taxtmi.com/caselaws?id=339973 The Tribunal dismissed the appeals by the assessee, upholding the disallowance under Section 14A of the Income Tax Act for investments in subsidiary companies and treating expenditure on Enterprise Resource Planning (ERP) software as capital expenditure. The Tribunal emphasized that Section 14A mandates disallowance irrespective of the nature of income. The issue of inadequate hearing opportunity before the Commissioner of Income Tax (Appeals) was dismissed as not pressed. The decision was rendered on 20th February 2017 in Chennai. en-us Mon, 20 Feb 2017 00:00:00 +0530 Sat, 11 Mar 2017 07:35:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339973 The Tribunal dismissed the appeals by the assessee, upholding the disallowance under Section 14A of the Income Tax Act for investments in subsidiary companies and treating expenditure on Enterprise Resource Planning (ERP) software as capital expenditure. The Tribunal emphasized that Section 14A mandates disallowance irrespective of the nature of income. The issue of inadequate hearing opportunity before the Commissioner of Income Tax (Appeals) was dismissed as not pressed. The decision was rendered on 20th February 2017 in Chennai. Case-Laws Income Tax Mon, 20 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339973