https://www.taxtmi.com/caselaws?id=283832 The ITAT allowed the appeal for the assessment year 2008-09, directing the AO to treat EDP expenses as revenue expenditure, overturning the disallowance. The disallowance of advertisement expenses was remanded for detailed examination at the AO level. Regarding travelling and conveyance expenses, the ITAT emphasized the need for proper verification from primary documents. The disallowance of interest on a housing loan was also subject to further verification by the AO. The penalty on travelling and conveyance expenses was canceled, aligning with previous judgments. en-us Wed, 20 Dec 2017 00:00:00 +0530 Thu, 17 Oct 2019 09:53:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283832 The ITAT allowed the appeal for the assessment year 2008-09, directing the AO to treat EDP expenses as revenue expenditure, overturning the disallowance. The disallowance of advertisement expenses was remanded for detailed examination at the AO level. Regarding travelling and conveyance expenses, the ITAT emphasized the need for proper verification from primary documents. The disallowance of interest on a housing loan was also subject to further verification by the AO. The penalty on travelling and conveyance expenses was canceled, aligning with previous judgments. Case-Laws Income Tax Wed, 20 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283832