https://www.taxtmi.com/caselaws?id=415336 The tribunal allowed the appeal of the assessee regarding the disallowance of the annual license fee as a capital expenditure for Assessment Year 2014-15. The tribunal emphasized the need for consistency in tax matters and directed the deletion of the addition made by the Assessing Officer. Other issues concerning deduction under section 35ABB, charging of interest under section 234B, and initiation of penalty under section 271(1)(c) were not extensively discussed in the judgment. en-us Thu, 25 Nov 2021 00:00:00 +0530 Thu, 02 Dec 2021 10:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415336 The tribunal allowed the appeal of the assessee regarding the disallowance of the annual license fee as a capital expenditure for Assessment Year 2014-15. The tribunal emphasized the need for consistency in tax matters and directed the deletion of the addition made by the Assessing Officer. Other issues concerning deduction under section 35ABB, charging of interest under section 234B, and initiation of penalty under section 271(1)(c) were not extensively discussed in the judgment. Case-Laws Income Tax Thu, 25 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415336