https://www.taxtmi.com/caselaws?id=351710 The Tribunal partly allowed both appeals, upholding disallowances under section 14A and 36(1)(viia) while dismissing excess deductions claimed under section 36(1)(vii). It remitted matters concerning depreciation on temporary erections and interest on overdue deposits for fresh verification. The Tribunal disagreed with the CIT(A) on the computation of deduction under section 36(1)(viia) and treatment of software expenses as capital, directing full deduction and disallowance, respectively. An additional ground for amortized premium on HTM securities was admitted for further consideration, ensuring a fair opportunity for representation. en-us Wed, 25 Oct 2017 00:00:00 +0530 Fri, 01 Apr 2022 11:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351710 The Tribunal partly allowed both appeals, upholding disallowances under section 14A and 36(1)(viia) while dismissing excess deductions claimed under section 36(1)(vii). It remitted matters concerning depreciation on temporary erections and interest on overdue deposits for fresh verification. The Tribunal disagreed with the CIT(A) on the computation of deduction under section 36(1)(viia) and treatment of software expenses as capital, directing full deduction and disallowance, respectively. An additional ground for amortized premium on HTM securities was admitted for further consideration, ensuring a fair opportunity for representation. Case-Laws Income Tax Wed, 25 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351710