https://www.taxtmi.com/caselaws?id=401054 The Tribunal ruled in favor of the assessee on various issues, directing the AO to allow depreciation on non-compete fees as intangible assets, restrict disallowance under Section 14A to the amount computed by the assessee, allow deduction under Section 35D for expenses, permit ESOP expenses as revenue expenditure, compute Annual Letting Value based on actual rent received, dismiss the classification of interest income issue, delete disallowance of director's commission, and restrict adjustments to book profits under Section 115JB. The decisions were based on consistency, scientific methods, and judicial precedents. en-us Wed, 15 Jul 2020 00:00:00 +0530 Wed, 25 Nov 2020 22:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401054 The Tribunal ruled in favor of the assessee on various issues, directing the AO to allow depreciation on non-compete fees as intangible assets, restrict disallowance under Section 14A to the amount computed by the assessee, allow deduction under Section 35D for expenses, permit ESOP expenses as revenue expenditure, compute Annual Letting Value based on actual rent received, dismiss the classification of interest income issue, delete disallowance of director's commission, and restrict adjustments to book profits under Section 115JB. The decisions were based on consistency, scientific methods, and judicial precedents. Case-Laws Income Tax Wed, 15 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401054