https://www.taxtmi.com/caselaws?id=301076 The court declined to entertain the appellant's challenge regarding capital expenditure on computer software, citing lack of substantial legal grounds. However, the court admitted for further consideration the issue of exemption on profit from investment based on substantial legal issues raised. The court also admitted for detailed analysis the challenge to the Tribunal's ruling on the applicability of Sec 14A of the IT Act and the treatment of premium on investments. Additionally, the court admitted for detailed scrutiny the question of amortization of preoperative expenses but did not pursue the issue of tax deduction on reinsurance commission due to lack of substantial legal grounds. en-us Mon, 19 Aug 2019 00:00:00 +0530 Fri, 11 Mar 2022 07:58:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301076 The court declined to entertain the appellant's challenge regarding capital expenditure on computer software, citing lack of substantial legal grounds. However, the court admitted for further consideration the issue of exemption on profit from investment based on substantial legal issues raised. The court also admitted for detailed analysis the challenge to the Tribunal's ruling on the applicability of Sec 14A of the IT Act and the treatment of premium on investments. Additionally, the court admitted for detailed scrutiny the question of amortization of preoperative expenses but did not pursue the issue of tax deduction on reinsurance commission due to lack of substantial legal grounds. Case-Laws Income Tax Mon, 19 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301076