https://www.taxtmi.com/caselaws?id=409504 The Court ruled in favor of the appellant/assessee on all issues. The deduction claimed under Section 35DD was allowed for legal and professional expenses related to demerger. Disallowance under Section 14A was limited to administrative expenses. The one-time lease rent was considered revenue expenditure and not required to be spread over the lease period. The Court emphasized adherence to consistency and rejected the revenue's arguments. All questions of law favored the appellant/assessee, leading to the appeals being allowed with no order as to costs. en-us Mon, 05 Jul 2021 00:00:00 +0530 Wed, 15 Sep 2021 15:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409504 The Court ruled in favor of the appellant/assessee on all issues. The deduction claimed under Section 35DD was allowed for legal and professional expenses related to demerger. Disallowance under Section 14A was limited to administrative expenses. The one-time lease rent was considered revenue expenditure and not required to be spread over the lease period. The Court emphasized adherence to consistency and rejected the revenue's arguments. All questions of law favored the appellant/assessee, leading to the appeals being allowed with no order as to costs. Case-Laws Income Tax Mon, 05 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409504