https://www.taxtmi.com/caselaws?id=345628 The Court upheld the Tribunal's decision, ruling that expenses exceeding 6% of liability of Mutual Fund companies should be allowed, as per statutory provisions. Additionally, IT infrastructure expenses were deemed permissible as separate expenses, consistent with previous assessment years. The Appeal was dismissed, with no costs awarded, and the Assessee's counsel withdrew the Notice of Motion. en-us Wed, 12 Jul 2017 00:00:00 +0530 Thu, 08 Mar 2018 14:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345628 The Court upheld the Tribunal's decision, ruling that expenses exceeding 6% of liability of Mutual Fund companies should be allowed, as per statutory provisions. Additionally, IT infrastructure expenses were deemed permissible as separate expenses, consistent with previous assessment years. The Appeal was dismissed, with no costs awarded, and the Assessee's counsel withdrew the Notice of Motion. Case-Laws Income Tax Wed, 12 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345628