https://www.taxtmi.com/caselaws?id=440654 The Tribunal upheld the decisions of the Ld. CIT(A) in favor of the assessee on all three issues. The amortization of the variable license fee was treated as revenue expenditure, the deletion of the Subscriber Verification Penalty as business expenditure was accepted, and the disallowance under section 40(a)(ia) was deleted. The Tribunal dismissed the Revenue's appeals for the Assessment Years 2013-14 and 2014-15, confirming the decisions of the lower authorities. en-us Wed, 19 Jul 2023 00:00:00 +0530 Fri, 21 Jul 2023 17:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440654 The Tribunal upheld the decisions of the Ld. CIT(A) in favor of the assessee on all three issues. The amortization of the variable license fee was treated as revenue expenditure, the deletion of the Subscriber Verification Penalty as business expenditure was accepted, and the disallowance under section 40(a)(ia) was deleted. The Tribunal dismissed the Revenue's appeals for the Assessment Years 2013-14 and 2014-15, confirming the decisions of the lower authorities. Case-Laws Income Tax Wed, 19 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440654