https://www.taxtmi.com/caselaws?id=347966 The Tribunal partially allowed the assessee's appeal by restricting the disallowance under Section 14A to 1% of exempt income instead of the 5% disallowed by the assessing officer. It upheld the allowance of various expenses such as warranty expenses, vendor development expenses, consultancy fees for business process reengineering, product development expenses, expenditure on feeder line for power supply, and contribution for a railway overbridge as revenue expenditure. The Tribunal admitted additional grounds of appeal related to deduction under Section 80HHC and directed fresh consideration. It dismissed certain grounds as infructuous due to subsequent allowances by the assessing officer. en-us Thu, 31 Aug 2017 00:00:00 +0530 Wed, 13 Sep 2017 11:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347966 The Tribunal partially allowed the assessee's appeal by restricting the disallowance under Section 14A to 1% of exempt income instead of the 5% disallowed by the assessing officer. It upheld the allowance of various expenses such as warranty expenses, vendor development expenses, consultancy fees for business process reengineering, product development expenses, expenditure on feeder line for power supply, and contribution for a railway overbridge as revenue expenditure. The Tribunal admitted additional grounds of appeal related to deduction under Section 80HHC and directed fresh consideration. It dismissed certain grounds as infructuous due to subsequent allowances by the assessing officer. Case-Laws Income Tax Thu, 31 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347966