https://www.taxtmi.com/caselaws?id=420481 The Tribunal allowed the assessee's appeals and dismissed the Revenue's appeals, providing comprehensive relief to the assessee on all grounds of dispute. Key outcomes include the deletion of disallowance under Section 14A, treatment of software expenses as revenue expenditure, allowance of full deduction under Section 36(1)(viia), approval of amortization of premium on HTM securities, and acceptance of various other claims related to deductions and provisions. The Tribunal also clarified the non-applicability of MAT provisions to nationalized banks under Section 115JB. en-us Fri, 04 Mar 2022 00:00:00 +0530 Sun, 03 Apr 2022 22:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420481 The Tribunal allowed the assessee's appeals and dismissed the Revenue's appeals, providing comprehensive relief to the assessee on all grounds of dispute. Key outcomes include the deletion of disallowance under Section 14A, treatment of software expenses as revenue expenditure, allowance of full deduction under Section 36(1)(viia), approval of amortization of premium on HTM securities, and acceptance of various other claims related to deductions and provisions. The Tribunal also clarified the non-applicability of MAT provisions to nationalized banks under Section 115JB. Case-Laws Income Tax Fri, 04 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420481