https://www.taxtmi.com/caselaws?id=409197 The Tribunal allowed the Assessee's appeals, directing the deletion of disallowances and additions made by the AO. The ruling emphasized consistency with prior judicial decisions, overturning the capital expenditure treatment of royalty payments, disallowance under Section 14A, addition related to international transactions, ad hoc disallowance of transportation expenses, and denial of depreciation on computer peripherals and accessories at a lower rate. The Tribunal's decision aligned with established legal principles and precedents, providing relief to the Assessee in both assessment years. en-us Tue, 22 Jun 2021 00:00:00 +0530 Thu, 01 Jul 2021 13:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409197 The Tribunal allowed the Assessee's appeals, directing the deletion of disallowances and additions made by the AO. The ruling emphasized consistency with prior judicial decisions, overturning the capital expenditure treatment of royalty payments, disallowance under Section 14A, addition related to international transactions, ad hoc disallowance of transportation expenses, and denial of depreciation on computer peripherals and accessories at a lower rate. The Tribunal's decision aligned with established legal principles and precedents, providing relief to the Assessee in both assessment years. Case-Laws Income Tax Tue, 22 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409197