2016 (4) TMI 1352

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..... RA RAO, AM: This appeal filed by the assessee on 21.5.2014 is against the order of the CIT (A)-6, Mumbai dated 27.2.2014 for the assessment year 2010-2011. In this appeal, assessee raised the following grounds which read as under:- "1. On the facts and in the circumstances of the case and in law, the learned CIT(A) erred in confirming disallowance of interest and other expenditure u/s 14A amou .....

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..... ming disallowance of software expenditure towards licences fees amounting to Rs. 4,67,19,838/- without appreciating that it is revenue expenditure. 5. On the facts and in the circumstances of the case and in law, the learned CIT (A) erred in confirming disallowance of broken period interest debited to the Profit and Loss account amounting to Rs. 10,63,93,626/- paid at the time of acquisition of .....

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..... remand all the issues raised in Ground nos. 1 to 4 of the appeal for fresh adjudication after granting a reasonable opportunity of being heard to the assessee as per the set principles of natural justice. AO is directed to decide the same strictly in the light of the ratio laid down in the said order of the Tribunal (supra). Accordingly, Ground nos. 1 to 4 are allowed for statistical purposes. 4 .....

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