https://www.taxtmi.com/caselaws?id=395564 The Tribunal dismissed the revenue's appeals, affirming the CIT(A)'s decisions across all contested issues. It emphasized that the AO must record dissatisfaction before applying Rule 8D for disallowance under Section 14A. The Tribunal upheld the 60% depreciation rate for software, aligning with established legal precedents. Regarding ESOP expenses, the Tribunal remanded the matter to the AO for recalculation, adhering to accepted principles for determining deductible employee costs over the vesting period. The judgments in ITA No. 6602/Del/2016 were applied consistently to ITA No. 6603/Del/2016, ensuring uniformity in the legal approach. en-us Wed, 11 Mar 2020 00:00:00 +0530 Wed, 06 Nov 2024 12:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395564 The Tribunal dismissed the revenue's appeals, affirming the CIT(A)'s decisions across all contested issues. It emphasized that the AO must record dissatisfaction before applying Rule 8D for disallowance under Section 14A. The Tribunal upheld the 60% depreciation rate for software, aligning with established legal precedents. Regarding ESOP expenses, the Tribunal remanded the matter to the AO for recalculation, adhering to accepted principles for determining deductible employee costs over the vesting period. The judgments in ITA No. 6602/Del/2016 were applied consistently to ITA No. 6603/Del/2016, ensuring uniformity in the legal approach. Case-Laws Income Tax Wed, 11 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395564