https://www.taxtmi.com/caselaws?id=118697 The Tribunal upheld the taxability of the dividend received on cumulative preference shares after the assessee became the owner. It accepted the claim for depreciation on properties not registered in the assessee's name, citing relevant legal precedent. The disallowance of advertisement expenses was reversed as they were deemed to enhance the business. Consultation charges for exploring a new business venture were disallowed as capital expenditure. The deduction under Section 80M was adjusted based on actual expenses incurred in earning the dividend income, following judicial decisions. The appeal was partly allowed, with specific directions given on each issue. en-us Wed, 26 Oct 2005 00:00:00 +0530 Thu, 05 Jul 2012 11:32:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118697 The Tribunal upheld the taxability of the dividend received on cumulative preference shares after the assessee became the owner. It accepted the claim for depreciation on properties not registered in the assessee's name, citing relevant legal precedent. The disallowance of advertisement expenses was reversed as they were deemed to enhance the business. Consultation charges for exploring a new business venture were disallowed as capital expenditure. The deduction under Section 80M was adjusted based on actual expenses incurred in earning the dividend income, following judicial decisions. The appeal was partly allowed, with specific directions given on each issue. Case-Laws Income Tax Wed, 26 Oct 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118697