https://www.taxtmi.com/caselaws?id=403331 The court upheld the deduction of stamp duty expenditure related to an IPO under Section 35D, following precedent. The issue of eligibility for Section 80JJAA deduction was remitted to the Tribunal due to insufficient reasoning. The assessee was deemed eligible for Section 10A deduction for IT-enabled services. Legal and professional charges were classified as revenue expenditure, and Media Resource Boards were considered computer components for higher depreciation. The court affirmed most decisions but remitted the Section 80JJAA matter for further consideration. en-us Mon, 18 Jan 2021 00:00:00 +0530 Mon, 25 Jan 2021 11:42:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403331 The court upheld the deduction of stamp duty expenditure related to an IPO under Section 35D, following precedent. The issue of eligibility for Section 80JJAA deduction was remitted to the Tribunal due to insufficient reasoning. The assessee was deemed eligible for Section 10A deduction for IT-enabled services. Legal and professional charges were classified as revenue expenditure, and Media Resource Boards were considered computer components for higher depreciation. The court affirmed most decisions but remitted the Section 80JJAA matter for further consideration. Case-Laws Income Tax Mon, 18 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403331