https://www.taxtmi.com/caselaws?id=371429 The Tribunal partly allowed the appeal by directing the exclusion of certain companies from the list of comparables, allowing higher depreciation on software license fees, and remanding the issue of TDS credit for verification. The grounds related to the disallowance of advances written off and initiation of penalty proceedings were rejected. Additionally, the Tribunal allowed the deduction under section 10A on the enhanced income due to the disallowance of software license fees, following a precedent set by the Hon'ble Bombay High Court. en-us Wed, 28 Nov 2018 00:00:00 +0530 Tue, 04 Dec 2018 09:00:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371429 The Tribunal partly allowed the appeal by directing the exclusion of certain companies from the list of comparables, allowing higher depreciation on software license fees, and remanding the issue of TDS credit for verification. The grounds related to the disallowance of advances written off and initiation of penalty proceedings were rejected. Additionally, the Tribunal allowed the deduction under section 10A on the enhanced income due to the disallowance of software license fees, following a precedent set by the Hon'ble Bombay High Court. Case-Laws Income Tax Wed, 28 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371429