https://www.taxtmi.com/caselaws?id=382320 The ITAT allowed the assessee's appeal regarding the disallowance of business promotion expenses, stating that adhoc disallowances without rejecting the books of accounts are not justified. The ITAT remitted the issue of disallowance under Section 14A back to the AO for verification. Additionally, the ITAT upheld the CIT(A)'s decision on various issues such as depreciation on software expenses and disallowance of excess commission paid to the parent company. Overall, the ITAT provided relief on certain matters, remitted some for further review, and affirmed decisions where appropriate, ensuring a comprehensive assessment of the case. en-us Wed, 26 Jun 2019 00:00:00 +0530 Mon, 01 Jul 2019 07:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382320 The ITAT allowed the assessee's appeal regarding the disallowance of business promotion expenses, stating that adhoc disallowances without rejecting the books of accounts are not justified. The ITAT remitted the issue of disallowance under Section 14A back to the AO for verification. Additionally, the ITAT upheld the CIT(A)'s decision on various issues such as depreciation on software expenses and disallowance of excess commission paid to the parent company. Overall, the ITAT provided relief on certain matters, remitted some for further review, and affirmed decisions where appropriate, ensuring a comprehensive assessment of the case. Case-Laws Income Tax Wed, 26 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382320