https://www.taxtmi.com/caselaws?id=310609 ITAT Delhi dismissed Revenue's appeal regarding disallowance under section 14A read with rule 8D. The tribunal upheld CIT(A)'s direction that AO should consider only investments yielding exempt income, as assessee received dividend from only one company. The tribunal also confirmed deletion of expense disallowances and depreciation adjustments on software licenses, following consistent precedents from assessee's own cases in previous assessment years. CIT(A)'s findings were deemed in consonance with law provisions. en-us Tue, 30 Mar 2021 00:00:00 +0530 Thu, 02 Nov 2023 19:16:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310609 ITAT Delhi dismissed Revenue's appeal regarding disallowance under section 14A read with rule 8D. The tribunal upheld CIT(A)'s direction that AO should consider only investments yielding exempt income, as assessee received dividend from only one company. The tribunal also confirmed deletion of expense disallowances and depreciation adjustments on software licenses, following consistent precedents from assessee's own cases in previous assessment years. CIT(A)'s findings were deemed in consonance with law provisions. Case-Laws Income Tax Tue, 30 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310609