https://www.taxtmi.com/caselaws?id=284531 The Tribunal dismissed the Department's appeal, affirming that Section 14A disallowance is not applicable in the absence of exempt income. It directed the AO to rework depreciation adjustments and include specific companies as comparables, while overturning the disallowance under Section 40(a)(ia) related to software expenses. The judgment was pronounced on 30th September 2016. en-us Fri, 30 Sep 2016 00:00:00 +0530 Mon, 25 Nov 2019 09:26:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284531 The Tribunal dismissed the Department's appeal, affirming that Section 14A disallowance is not applicable in the absence of exempt income. It directed the AO to rework depreciation adjustments and include specific companies as comparables, while overturning the disallowance under Section 40(a)(ia) related to software expenses. The judgment was pronounced on 30th September 2016. Case-Laws Income Tax Fri, 30 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284531