https://www.taxtmi.com/caselaws?id=195508 The Tribunal set aside the 10% disallowance of brokerage payments to ICICI Capital Services Ltd. and Hughes Telecom Ltd. for assessment year 2001-02, finding the token disallowance unjustified. For assessment year 2002-03, the Tribunal upheld the deletion of commission disallowance, determining the services as genuine. Additionally, software expenses were treated as revenue, not capital, based on system upgrade purposes. The Tribunal allowed the assessee's appeal for 2001-02 and dismissed Revenue's appeals for both years. en-us Fri, 13 Sep 2013 00:00:00 +0530 Thu, 02 Nov 2017 11:40:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195508 The Tribunal set aside the 10% disallowance of brokerage payments to ICICI Capital Services Ltd. and Hughes Telecom Ltd. for assessment year 2001-02, finding the token disallowance unjustified. For assessment year 2002-03, the Tribunal upheld the deletion of commission disallowance, determining the services as genuine. Additionally, software expenses were treated as revenue, not capital, based on system upgrade purposes. The Tribunal allowed the assessee's appeal for 2001-02 and dismissed Revenue's appeals for both years. Case-Laws Income Tax Fri, 13 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195508