https://www.taxtmi.com/caselaws?id=396602 The Tribunal partly allowed the assessee's appeal, reversing disallowances of software expenses, R&D deduction, computer software depreciation, advertisement expenses, and deduction under sections 80IC and 80IC. It directed reevaluation of disallowances under sections 14A and 48, exemption on tax-free bonds, transfer pricing adjustment, TDS credit, and dividend distribution tax. The deletion of disallowance under section 35A was upheld. The department's appeal was dismissed, and the Assessing Officer was instructed to adhere to Tribunal decisions and assess claims lawfully. en-us Wed, 27 May 2020 00:00:00 +0530 Sat, 11 Jul 2020 19:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396602 The Tribunal partly allowed the assessee's appeal, reversing disallowances of software expenses, R&D deduction, computer software depreciation, advertisement expenses, and deduction under sections 80IC and 80IC. It directed reevaluation of disallowances under sections 14A and 48, exemption on tax-free bonds, transfer pricing adjustment, TDS credit, and dividend distribution tax. The deletion of disallowance under section 35A was upheld. The department's appeal was dismissed, and the Assessing Officer was instructed to adhere to Tribunal decisions and assess claims lawfully. Case-Laws Income Tax Wed, 27 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396602