IT : Disallowance under section 14A for assessment year 2007-08 has to be worked out on some reasonable basis, without resorting to rule 8D

IT : Disallowance under section 14A for assessment year 2007-08 has to be worked out on some reasonable basis, without resorting to rule 8D

IT : Expenditure incurred for software development and consulting charges is

a revenue expenditure

IT : Amount of fee paid to Ex-Managing Director on his retirement as non-compete fee is a revenue expenditure

[2015] 53 taxmann.com 284 (Mumbai - Trib.)

IN THE ITAT MUMBAI BENCH 'C'

Assistant Commissioner of Income-tax-1 (1), Mumbai

v.

Clariant Chemicals (I) Ltd.