https://www.taxtmi.com/caselaws?id=358285 The Tribunal partly allowed the appeal for the assessment year 2009-10, directing the First Appellate Authority (FAA) to reconsider certain issues and provide a fair hearing to the assessee. The disallowance of provision for anticipated loss was overturned, with the Tribunal finding the FAA's analysis biased. Additionally, the disallowance of expenditure for purchasing software was reversed, with the Tribunal ruling that the payment was not royalty and therefore not subject to tax. For the assessment year 2010-11, the Tribunal also ruled in favor of the assessee regarding the anticipated loss. en-us Wed, 04 Apr 2018 00:00:00 +0530 Mon, 09 Apr 2018 08:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358285 The Tribunal partly allowed the appeal for the assessment year 2009-10, directing the First Appellate Authority (FAA) to reconsider certain issues and provide a fair hearing to the assessee. The disallowance of provision for anticipated loss was overturned, with the Tribunal finding the FAA's analysis biased. Additionally, the disallowance of expenditure for purchasing software was reversed, with the Tribunal ruling that the payment was not royalty and therefore not subject to tax. For the assessment year 2010-11, the Tribunal also ruled in favor of the assessee regarding the anticipated loss. Case-Laws Income Tax Wed, 04 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358285