https://www.taxtmi.com/caselaws?id=382675 The High Court affirmed the Tribunal's decision on treating software expenses as revenue expenditure, upheld the use of Rule 8D for computing expenditure under Section 14A, and rejected the allowance of additional depreciation in a different assessment year. The Court also found the Tribunal's decision consistent with binding precedents, dismissing the tax case appeals without costs. en-us Fri, 21 Jun 2019 00:00:00 +0530 Mon, 08 Jul 2019 07:53:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382675 The High Court affirmed the Tribunal's decision on treating software expenses as revenue expenditure, upheld the use of Rule 8D for computing expenditure under Section 14A, and rejected the allowance of additional depreciation in a different assessment year. The Court also found the Tribunal's decision consistent with binding precedents, dismissing the tax case appeals without costs. Case-Laws Income Tax Fri, 21 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382675