https://www.taxtmi.com/caselaws?id=120647 The Tribunal allowed the appeal for statistical purposes, directing the Assessing Officer (AO) to reconsider the disallowance of commission income and denial of claim of depreciation. The AO was instructed to obtain precise details of services rendered for the commission payment and issue summons to ascertain the factual position. For the depreciation claim, the AO was directed to reevaluate the ownership and usage of assets, particularly the UPS, and consider technical reports and evidence provided by the assessee. The entire issue of depreciation was restored to the AO for a fresh decision based on the discussions presented. en-us Thu, 31 Jan 2008 00:00:00 +0530 Mon, 23 Jul 2012 12:46:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120647 The Tribunal allowed the appeal for statistical purposes, directing the Assessing Officer (AO) to reconsider the disallowance of commission income and denial of claim of depreciation. The AO was instructed to obtain precise details of services rendered for the commission payment and issue summons to ascertain the factual position. For the depreciation claim, the AO was directed to reevaluate the ownership and usage of assets, particularly the UPS, and consider technical reports and evidence provided by the assessee. The entire issue of depreciation was restored to the AO for a fresh decision based on the discussions presented. Case-Laws Income Tax Thu, 31 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120647