https://www.taxtmi.com/caselaws?id=355309 The Tribunal allowed the assessee's appeal regarding the disallowance under section 14A and the taxability of the transfer of Planet M division, directing the AO to delete the disallowance and exclude the capital gain from the computation of income. The Tribunal dismissed the Revenue's appeal on the disallowance of software expenses, upholding the CIT(A)'s decision that the expenses were of a revenue nature. en-us Mon, 08 Jan 2018 00:00:00 +0530 Tue, 13 Feb 2018 06:17:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355309 The Tribunal allowed the assessee's appeal regarding the disallowance under section 14A and the taxability of the transfer of Planet M division, directing the AO to delete the disallowance and exclude the capital gain from the computation of income. The Tribunal dismissed the Revenue's appeal on the disallowance of software expenses, upholding the CIT(A)'s decision that the expenses were of a revenue nature. Case-Laws Income Tax Mon, 08 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355309