https://www.taxtmi.com/caselaws?id=450041 ITAT Mumbai partially allowed the assessee's appeal and Revenue's appeal. The Tribunal deleted disallowance of royalty payments under section 40A(2)(b) as the 0.05% payment was reasonable. Multiple issues were restored to AO including consultancy charges examination, legal expenses for system development, and weighted deduction claims. Advertising expenses for doctor freebies were allowed as MCI regulations were effective from 2009. Computer software depreciation at 60% was directed following precedent. Revenue succeeded on section 80HHC deduction disallowance under section 115JB due to retrospective amendment. en-us Mon, 19 Feb 2024 00:00:00 +0530 Sat, 24 Feb 2024 09:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450041 ITAT Mumbai partially allowed the assessee's appeal and Revenue's appeal. The Tribunal deleted disallowance of royalty payments under section 40A(2)(b) as the 0.05% payment was reasonable. Multiple issues were restored to AO including consultancy charges examination, legal expenses for system development, and weighted deduction claims. Advertising expenses for doctor freebies were allowed as MCI regulations were effective from 2009. Computer software depreciation at 60% was directed following precedent. Revenue succeeded on section 80HHC deduction disallowance under section 115JB due to retrospective amendment. Case-Laws Income Tax Mon, 19 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450041