https://www.taxtmi.com/caselaws?id=403653 The Court upheld the Tribunal's decisions regarding the disallowance of depreciation on Software Expenses under Section 40(a)(ia) of the Income Tax Act for the Assessment year 2010-11, disallowance under Section 14A of the Act, and the direction to exclude depreciation from the cost of the taxpayer and comparables. The appeal was dismissed, confirming that the exclusion of depreciation was justified based on accounting policy differences and that Section 14A does not apply in the absence of exempt income. en-us Sat, 16 Jan 2021 00:00:00 +0530 Fri, 02 Jul 2021 15:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403653 The Court upheld the Tribunal's decisions regarding the disallowance of depreciation on Software Expenses under Section 40(a)(ia) of the Income Tax Act for the Assessment year 2010-11, disallowance under Section 14A of the Act, and the direction to exclude depreciation from the cost of the taxpayer and comparables. The appeal was dismissed, confirming that the exclusion of depreciation was justified based on accounting policy differences and that Section 14A does not apply in the absence of exempt income. Case-Laws Income Tax Sat, 16 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403653