https://www.taxtmi.com/caselaws?id=195568 The Tribunal upheld the treatment of share trading loss as speculative and reduced the disallowance of expenses. It allowed the bad debt claim based on the writing off in books. Depreciation on BSE Membership Card was permitted. Disallowance of Client Assistance Charges was rejected due to lack of evidence. Software development expenses were considered a business loss. The penalty for furnishing inaccurate particulars was overturned, emphasizing genuine interpretation differences. The Tribunal partly allowed the assessee's appeal, dismissed the AO's appeal, and allowed the penalty appeal. en-us Wed, 22 Oct 2014 00:00:00 +0530 Sat, 04 Nov 2017 10:04:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195568 The Tribunal upheld the treatment of share trading loss as speculative and reduced the disallowance of expenses. It allowed the bad debt claim based on the writing off in books. Depreciation on BSE Membership Card was permitted. Disallowance of Client Assistance Charges was rejected due to lack of evidence. Software development expenses were considered a business loss. The penalty for furnishing inaccurate particulars was overturned, emphasizing genuine interpretation differences. The Tribunal partly allowed the assessee's appeal, dismissed the AO's appeal, and allowed the penalty appeal. Case-Laws Income Tax Wed, 22 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195568