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2013 (12) TMI 770 - AT - Income TaxDisallowance u/s 14A - Held that:- The application of Rule 8D is w.e.f. assessment year 2008-09 - The disallowance in this case is to be computed on some reasonable basis - The issue was restored for fresh adjudication. Depreciation on goodwill - Held that:- Following CIT Vs. Smifs Securities Ltd. 2012 (8) TMI 713 - SUPREME COURT - Goodwill has been held to be an asset eligible for depreciation - Decided in favour of assessee. Repair and maintenance expenses - Held that:- The details of expenses incurred, filed by the assessee were not considered by the AO - The issue was restored for fresh adjudication. Website Development Expenses - Held that:- The AO is not entitled to grant deduction on the basis of a letter requesting an amendment to the return filed - The assessee should have filed valid revised return for claiming the expenses - Following Pruthvi Brokers & Shareholders (P) Ltd. [2012 (7) TMI 158 - BOMBAY HIGH COURT] - The issue was restored for fresh adjudication.
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