https://www.taxtmi.com/caselaws?id=394840 The appeal filed by the assessee was partly allowed, and the appeal filed by the revenue was dismissed. The Tribunal directed the deletion of additions made on account of advertisement expenses and upheld the allowance of warranty expenses and foreign exchange loss. The treatment of software payments as 'royalty' and the disallowance under Section 40(a)(i) were upheld. The other issues such as disallowance of payments to local software vendors, restriction of disallowance to the amount outstanding or payable, treatment of media advertisement expenses as capital in nature, disallowance of sales promotion and advertisement expenses, levying interest under Section 234B, and initiating penalty proceedings under Section 271(1)(c) were either dismissed or not specifically adjudicated. en-us Tue, 18 Feb 2020 00:00:00 +0530 Mon, 27 Apr 2020 10:58:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394840 The appeal filed by the assessee was partly allowed, and the appeal filed by the revenue was dismissed. The Tribunal directed the deletion of additions made on account of advertisement expenses and upheld the allowance of warranty expenses and foreign exchange loss. The treatment of software payments as 'royalty' and the disallowance under Section 40(a)(i) were upheld. The other issues such as disallowance of payments to local software vendors, restriction of disallowance to the amount outstanding or payable, treatment of media advertisement expenses as capital in nature, disallowance of sales promotion and advertisement expenses, levying interest under Section 234B, and initiating penalty proceedings under Section 271(1)(c) were either dismissed or not specifically adjudicated. Case-Laws Income Tax Tue, 18 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394840