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2013 (8) TMI 816 - AT - Income TaxAccrual of interest - Mercantile system of accounting - Accounting Standard notified u/s145A. - CIT held that since the appellant has been following mercantile system of account the accrued interest has to be included in the total income - Held that:- No pleading made on behalf of the assessee specifically averring that the reliance placed by the lower authorities on the order of the CIT(A) - Decided against the assesse. Disallowance of software expense - Held that:- in the preceding assessment year the very disallowance had been made treating software expenses as 'capital' in nature - no reason to interfere in the findings of the CIT(A) - Decided against the assesse.
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