https://www.taxtmi.com/caselaws?id=446047 ITAT DELHI allowed most appeals filed by the assessee. The tribunal held remuneration to sales organizers as revenue expenditure following precedent. Temple maintenance and staff recreation expenses were allowed as deductions based on coordinate bench decisions. Section 80IA deductions and power charges to Keshav Power Ltd. were permitted. However, advertisement expenditure for debenture warrant conversion was deemed capital expenditure following SC precedent in Broke Bond India Ltd. Section 14A disallowance was rejected due to adequate share capital and reserves. The tribunal directed AO to consider transmission line expenditure claim in AY 2008-09 when liability crystallized. Depreciation on UPS and printers was allowed at 60% following Delhi HC decision. en-us Tue, 14 Nov 2023 00:00:00 +0530 Thu, 23 Nov 2023 11:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446047 ITAT DELHI allowed most appeals filed by the assessee. The tribunal held remuneration to sales organizers as revenue expenditure following precedent. Temple maintenance and staff recreation expenses were allowed as deductions based on coordinate bench decisions. Section 80IA deductions and power charges to Keshav Power Ltd. were permitted. However, advertisement expenditure for debenture warrant conversion was deemed capital expenditure following SC precedent in Broke Bond India Ltd. Section 14A disallowance was rejected due to adequate share capital and reserves. The tribunal directed AO to consider transmission line expenditure claim in AY 2008-09 when liability crystallized. Depreciation on UPS and printers was allowed at 60% following Delhi HC decision. Case-Laws Income Tax Tue, 14 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446047