https://www.taxtmi.com/caselaws?id=312223 Software expenditure and depreciation claims were followed in line with earlier Tribunal orders where facts remained unchanged, so the software expenditure disallowance and depreciation on residential properties were allowed to the assessee. Payments to clubs were also treated consistently with prior years and the Revenue's objection failed. By contrast, notional interest income from the toll road, depreciation on the toll road, and the section 14A read with rule 8D computation were restored to the Assessing Officer for fresh consideration or recomputation in accordance with earlier directions, with those grounds allowed for statistical purposes. en-us Tue, 19 Apr 2022 00:00:00 +0530 Wed, 07 Feb 2024 17:58:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312223 Software expenditure and depreciation claims were followed in line with earlier Tribunal orders where facts remained unchanged, so the software expenditure disallowance and depreciation on residential properties were allowed to the assessee. Payments to clubs were also treated consistently with prior years and the Revenue's objection failed. By contrast, notional interest income from the toll road, depreciation on the toll road, and the section 14A read with rule 8D computation were restored to the Assessing Officer for fresh consideration or recomputation in accordance with earlier directions, with those grounds allowed for statistical purposes. Case-Laws Income Tax Tue, 19 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312223