https://www.taxtmi.com/caselaws?id=775355 The ITAT Delhi upheld the deletion of disallowances under sections 80IC and 10AA, relying on the assessee's precedent. Disallowances on foreign travel and club expenses were partially allowed, reducing them to 10% and 20% respectively from higher percentages upheld earlier. The disallowance of deduction under section 10AA related to scrap sales was deleted following prior rulings. The section 14A disallowance was rejected based on the assessee's prior case law. Depreciation disallowance on software licenses was also dismissed, affirming the CIT(A)'s order. Overall, the ITAT granted relief to the assessee on most grounds, partly allowing some expense disallowances but rejecting Revenue's appeals on other issues. en-us Mon, 30 Jun 2025 00:00:00 +0530 Thu, 24 Jul 2025 08:40:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775355 The ITAT Delhi upheld the deletion of disallowances under sections 80IC and 10AA, relying on the assessee's precedent. Disallowances on foreign travel and club expenses were partially allowed, reducing them to 10% and 20% respectively from higher percentages upheld earlier. The disallowance of deduction under section 10AA related to scrap sales was deleted following prior rulings. The section 14A disallowance was rejected based on the assessee's prior case law. Depreciation disallowance on software licenses was also dismissed, affirming the CIT(A)'s order. Overall, the ITAT granted relief to the assessee on most grounds, partly allowing some expense disallowances but rejecting Revenue's appeals on other issues. Case-Laws Income Tax Mon, 30 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775355