https://www.taxtmi.com/caselaws?id=396837 The Tribunal allowed the assessee's appeal for statistical purposes, directing the Assessing Officer to delete disallowances on depreciation for brand license fees, property tax reimbursement, and channel placement fees. The Tribunal also instructed the AO to grant depreciation on software expenditure and address issues related to tax credits. Penalty proceedings under Section 271(1)(c) were deemed premature for adjudication. The Tribunal's decision was issued on 17/07/2020. en-us Fri, 17 Jul 2020 00:00:00 +0530 Tue, 21 Jul 2020 11:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396837 The Tribunal allowed the assessee's appeal for statistical purposes, directing the Assessing Officer to delete disallowances on depreciation for brand license fees, property tax reimbursement, and channel placement fees. The Tribunal also instructed the AO to grant depreciation on software expenditure and address issues related to tax credits. Penalty proceedings under Section 271(1)(c) were deemed premature for adjudication. The Tribunal's decision was issued on 17/07/2020. Case-Laws Income Tax Fri, 17 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396837