https://www.taxtmi.com/caselaws?id=306428 The case involved various issues including reopening of assessment, disallowance of depreciation on stock exchange membership card, software expenses, repairs, bad debts, and levy of interest under sections 234D and 234C. The ITAT allowed depreciation on the membership card, remitted software expenses and repairs issues back to the AO, allowed bad debts claim, deleted interest under section 234D, and remitted the interest under section 234C back to the AO for reconsideration. The outcome resulted in partial allowance for statistical purposes in one appeal and full allowance in the other two appeals. en-us Wed, 27 Jul 2011 00:00:00 +0530 Mon, 30 Jan 2023 10:52:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306428 The case involved various issues including reopening of assessment, disallowance of depreciation on stock exchange membership card, software expenses, repairs, bad debts, and levy of interest under sections 234D and 234C. The ITAT allowed depreciation on the membership card, remitted software expenses and repairs issues back to the AO, allowed bad debts claim, deleted interest under section 234D, and remitted the interest under section 234C back to the AO for reconsideration. The outcome resulted in partial allowance for statistical purposes in one appeal and full allowance in the other two appeals. Case-Laws Income Tax Wed, 27 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306428