https://www.taxtmi.com/caselaws?id=413563 The Tribunal partly allowed the appeals filed by the assessee. The disallowance of depreciation on non-compete fees and the disallowance of deduction under section 35 for motor vehicles were deleted. However, the addition towards deemed dividend under section 2(22)(e) was upheld, and the disallowance of expenditure related to exempt income under section 14A was restricted to 2% of the exempt income. en-us Fri, 08 Oct 2021 00:00:00 +0530 Wed, 13 Oct 2021 10:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413563 The Tribunal partly allowed the appeals filed by the assessee. The disallowance of depreciation on non-compete fees and the disallowance of deduction under section 35 for motor vehicles were deleted. However, the addition towards deemed dividend under section 2(22)(e) was upheld, and the disallowance of expenditure related to exempt income under section 14A was restricted to 2% of the exempt income. Case-Laws Income Tax Fri, 08 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413563