https://www.taxtmi.com/caselaws?id=68431 The ITAT dismissed all appeals by the Department, upholding CIT(A)'s decisions in favor of the assessee. The disallowed claims under section 35(1)(iv) were deemed genuine for Research and Development. Bank guarantee commission claim was allowed as a valid business expense. Expenditure on shortage and delays was considered legitimate. The dispute over 100% depreciation on wooden structure was resolved in favor of the assessee. Depreciation on office equipment was permitted based on precedent. Traveling expenses claim was accepted as normal business expenditure. en-us Thu, 18 Nov 2004 00:00:00 +0530 Tue, 13 Sep 2016 11:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68431 The ITAT dismissed all appeals by the Department, upholding CIT(A)'s decisions in favor of the assessee. The disallowed claims under section 35(1)(iv) were deemed genuine for Research and Development. Bank guarantee commission claim was allowed as a valid business expense. Expenditure on shortage and delays was considered legitimate. The dispute over 100% depreciation on wooden structure was resolved in favor of the assessee. Depreciation on office equipment was permitted based on precedent. Traveling expenses claim was accepted as normal business expenditure. Case-Laws Income Tax Thu, 18 Nov 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68431