https://www.taxtmi.com/caselaws?id=358580 The appeals for AY 2004-05, AY 2005-06, and AY 2006-07 were partly allowed. The ITAT granted deductions for depreciation and insurance expenses for a discontinued unit, treated software expenses as revenue expenditure, and allowed deductions under section 35D. Disallowances under sections 14A and 80HHC were restricted, and additions to closing stock were deleted. Lease rentals were allowed as deductions, professional fees were treated as revenue expenditure, and bad debts were not disallowed. The decisions were based on legal precedents and relevant provisions. en-us Mon, 19 Mar 2018 00:00:00 +0530 Sat, 14 Apr 2018 07:17:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358580 The appeals for AY 2004-05, AY 2005-06, and AY 2006-07 were partly allowed. The ITAT granted deductions for depreciation and insurance expenses for a discontinued unit, treated software expenses as revenue expenditure, and allowed deductions under section 35D. Disallowances under sections 14A and 80HHC were restricted, and additions to closing stock were deleted. Lease rentals were allowed as deductions, professional fees were treated as revenue expenditure, and bad debts were not disallowed. The decisions were based on legal precedents and relevant provisions. Case-Laws Income Tax Mon, 19 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358580