https://www.taxtmi.com/caselaws?id=195500 The Tribunal allowed the assessee's appeal in part and dismissed the revenue's appeals for assessment years 2003-04 & 2004-05. The disallowance of brokerage, procurement expenses, software expenses, and introduction fee was overturned in favor of the assessee, while depreciation on the BSE membership card, incentive payments, and procurement expenses were upheld. The Tribunal found the expenses to be in line with market practices and directed the AO to delete the disallowances. en-us Tue, 24 May 2016 00:00:00 +0530 Thu, 02 Nov 2017 07:34:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195500 The Tribunal allowed the assessee's appeal in part and dismissed the revenue's appeals for assessment years 2003-04 & 2004-05. The disallowance of brokerage, procurement expenses, software expenses, and introduction fee was overturned in favor of the assessee, while depreciation on the BSE membership card, incentive payments, and procurement expenses were upheld. The Tribunal found the expenses to be in line with market practices and directed the AO to delete the disallowances. Case-Laws Income Tax Tue, 24 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195500