https://www.taxtmi.com/caselaws?id=395051 The Tribunal upheld the CIT(A)'s decision to delete the disallowance under Section 14A, emphasizing the AO's failure to record satisfaction as required by law. Additionally, the Tribunal confirmed the higher depreciation rate for software and allowed ESOP expenses as employee compensation, remanding the matter for proper calculation. The revenue's appeals were dismissed, and the Tribunal stressed adherence to statutory provisions in expense disallowances. en-us Wed, 11 Mar 2020 00:00:00 +0530 Sat, 02 May 2020 13:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395051 The Tribunal upheld the CIT(A)'s decision to delete the disallowance under Section 14A, emphasizing the AO's failure to record satisfaction as required by law. Additionally, the Tribunal confirmed the higher depreciation rate for software and allowed ESOP expenses as employee compensation, remanding the matter for proper calculation. The revenue's appeals were dismissed, and the Tribunal stressed adherence to statutory provisions in expense disallowances. Case-Laws Income Tax Wed, 11 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395051