https://www.taxtmi.com/caselaws?id=279503 The tribunal upheld the assessment order, disallowing legal and consultancy expenses under section 35AB. However, it allowed the assessee's claim, directing deletion of the disallowance. The tribunal also upheld the CIT(A)'s decisions regarding software installation expenses, interest on borrowed capital, and classification of interest income. It directed the AO to verify certain claims and bifurcate expenses on books and journals. The appeals were partly allowed for statistical purposes. en-us Mon, 22 Feb 2016 00:00:00 +0530 Tue, 09 Aug 2022 16:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279503 The tribunal upheld the assessment order, disallowing legal and consultancy expenses under section 35AB. However, it allowed the assessee's claim, directing deletion of the disallowance. The tribunal also upheld the CIT(A)'s decisions regarding software installation expenses, interest on borrowed capital, and classification of interest income. It directed the AO to verify certain claims and bifurcate expenses on books and journals. The appeals were partly allowed for statistical purposes. Case-Laws Income Tax Mon, 22 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279503