https://www.taxtmi.com/caselaws?id=281832 The Tribunal allowed the assessee's challenge on the disallowance of software expenditure, citing the Delhi High Court judgment in Asahi India Safety Glass. However, the disallowance of upfront lease rent was upheld, referencing the Supreme Court judgment in Enterprising Enterprises vs. DCIT. The Tribunal directed the Assessing Officer to give credit for TDS and TCS claimed. The Tribunal upheld the restriction of disallowance under Section 14A to 2% of dividend income and remitted the issue of notional interest disallowance back for verification. The Tribunal also upheld the deletion of disallowance for export commissions paid to non-resident agents and allowed the claim for additional depreciation. en-us Fri, 30 Sep 2016 00:00:00 +0530 Mon, 08 Jul 2019 19:02:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281832 The Tribunal allowed the assessee's challenge on the disallowance of software expenditure, citing the Delhi High Court judgment in Asahi India Safety Glass. However, the disallowance of upfront lease rent was upheld, referencing the Supreme Court judgment in Enterprising Enterprises vs. DCIT. The Tribunal directed the Assessing Officer to give credit for TDS and TCS claimed. The Tribunal upheld the restriction of disallowance under Section 14A to 2% of dividend income and remitted the issue of notional interest disallowance back for verification. The Tribunal also upheld the deletion of disallowance for export commissions paid to non-resident agents and allowed the claim for additional depreciation. Case-Laws Income Tax Fri, 30 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281832