https://www.taxtmi.com/caselaws?id=286851 The ITAT allowed the rural development expenditure and depreciation on goodwill. The expenditure on buy-back of shares and debenture issue was also allowed. The deduction for interest on loans and exclusion of sales tax exemption benefit were upheld. The ITAT sustained the disallowance under sections 14A and 40A(9). The premium on pre-redemption of debentures and expenditure on acquisition of marketing and technical know-how were allowed. The appeals were partly allowed for both the assessee and revenue, with some issues remanded for fresh adjudication. en-us Wed, 09 Oct 2013 00:00:00 +0530 Wed, 18 Mar 2020 14:56:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286851 The ITAT allowed the rural development expenditure and depreciation on goodwill. The expenditure on buy-back of shares and debenture issue was also allowed. The deduction for interest on loans and exclusion of sales tax exemption benefit were upheld. The ITAT sustained the disallowance under sections 14A and 40A(9). The premium on pre-redemption of debentures and expenditure on acquisition of marketing and technical know-how were allowed. The appeals were partly allowed for both the assessee and revenue, with some issues remanded for fresh adjudication. Case-Laws Income Tax Wed, 09 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286851