https://www.taxtmi.com/caselaws?id=278431 Depreciation on weighing scale equipment claimed as computer hardware required fresh examination of its technical function, so the issue was remanded for reconsideration without a final merits ruling. Legal/professional and sales promotion expenses incurred for development, branding, conceptualisation and launch of new retail concepts before business commencement were treated as capital expenditure because they were linked to setting up the business structure and yielded enduring benefit. Foreign travelling expenditure connected with procurement of capital goods was also held capital in nature. The section 14A read with Rule 8D computation was upheld, including share application money in the investment base for exempt-income disallowance. en-us Mon, 27 Apr 2015 00:00:00 +0530 Sat, 02 Feb 2019 08:03:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278431 Depreciation on weighing scale equipment claimed as computer hardware required fresh examination of its technical function, so the issue was remanded for reconsideration without a final merits ruling. Legal/professional and sales promotion expenses incurred for development, branding, conceptualisation and launch of new retail concepts before business commencement were treated as capital expenditure because they were linked to setting up the business structure and yielded enduring benefit. Foreign travelling expenditure connected with procurement of capital goods was also held capital in nature. The section 14A read with Rule 8D computation was upheld, including share application money in the investment base for exempt-income disallowance. Case-Laws Income Tax Mon, 27 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278431