https://www.taxtmi.com/caselaws?id=64728 The Tribunal upheld the Commissioner (A)'s interpretation on depreciation for dredgers, technical know-how fees, and bonus payments. It directed the Assessing Officer to allow deductions for payments to a U.S. company and interest expenditure disallowance based on actual utilization. The Tribunal allowed the deduction for the settlement of commission payment dispute, disagreeing with the capital nature assessment. Additionally, the Tribunal agreed with the addition to the assessee's income but ordered its deletion from the subsidiary's assessment. The appeal was partly allowed, with adjustments directed by the Tribunal. en-us Wed, 04 Nov 1992 00:00:00 +0530 Wed, 09 Feb 2011 15:23:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64728 The Tribunal upheld the Commissioner (A)'s interpretation on depreciation for dredgers, technical know-how fees, and bonus payments. It directed the Assessing Officer to allow deductions for payments to a U.S. company and interest expenditure disallowance based on actual utilization. The Tribunal allowed the deduction for the settlement of commission payment dispute, disagreeing with the capital nature assessment. Additionally, the Tribunal agreed with the addition to the assessee's income but ordered its deletion from the subsidiary's assessment. The appeal was partly allowed, with adjustments directed by the Tribunal. Case-Laws Income Tax Wed, 04 Nov 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64728