https://www.taxtmi.com/caselaws?id=357901 The ITAT upheld the CIT(A)'s decision to disallow additional expenses under Section 14A read with Rule 8D, emphasizing the AO's lack of objective assessment before invoking Rule 8D. The ITAT also supported treating software expenses related to the website/portal as revenue expenditure, in line with judicial precedents. The Revenue's appeal was dismissed, affirming the CIT(A)'s orders on both issues. en-us Fri, 09 Mar 2018 00:00:00 +0530 Mon, 02 Apr 2018 08:18:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357901 The ITAT upheld the CIT(A)'s decision to disallow additional expenses under Section 14A read with Rule 8D, emphasizing the AO's lack of objective assessment before invoking Rule 8D. The ITAT also supported treating software expenses related to the website/portal as revenue expenditure, in line with judicial precedents. The Revenue's appeal was dismissed, affirming the CIT(A)'s orders on both issues. Case-Laws Income Tax Fri, 09 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357901