https://www.taxtmi.com/caselaws?id=297925 The ITAT Delhi upheld the Ld.CIT(A)'s orders, dismissing the Revenue's appeal in its entirety. The disallowance under section 14A was rejected based on the High Court ruling that Rule 8D applied only from AY 2009-10. Additionally, the disallowance of product development expenses as deferred revenue expenditure was overturned, following precedents allowing such expenses as revenue expenditure. en-us Mon, 31 Mar 2014 00:00:00 +0530 Thu, 30 Sep 2021 21:21:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297925 The ITAT Delhi upheld the Ld.CIT(A)'s orders, dismissing the Revenue's appeal in its entirety. The disallowance under section 14A was rejected based on the High Court ruling that Rule 8D applied only from AY 2009-10. Additionally, the disallowance of product development expenses as deferred revenue expenditure was overturned, following precedents allowing such expenses as revenue expenditure. Case-Laws Income Tax Mon, 31 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297925