https://www.taxtmi.com/caselaws?id=64374 The Tribunal partly allowed the assessee's appeal, granting the deduction of a 12.5% export commission and permitting the full deduction of the prepayment premium as revenue expenditure. It directed the capitalization of training fees with depreciation allowed thereon. The Tribunal dismissed the Revenue's objections regarding the admissibility of additional evidence and upheld the assessee's right to claim depreciation. Additionally, the Tribunal allowed the assessee to raise an additional claim before the AO concerning the adjustment of asset costs under Section 43A. The Tribunal dismissed the Revenue's appeal. en-us Fri, 05 Oct 2007 00:00:00 +0530 Thu, 01 Feb 2024 15:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64374 The Tribunal partly allowed the assessee's appeal, granting the deduction of a 12.5% export commission and permitting the full deduction of the prepayment premium as revenue expenditure. It directed the capitalization of training fees with depreciation allowed thereon. The Tribunal dismissed the Revenue's objections regarding the admissibility of additional evidence and upheld the assessee's right to claim depreciation. Additionally, the Tribunal allowed the assessee to raise an additional claim before the AO concerning the adjustment of asset costs under Section 43A. The Tribunal dismissed the Revenue's appeal. Case-Laws Income Tax Fri, 05 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64374