https://www.taxtmi.com/caselaws?id=207945 The Tribunal partly allowed the assessee's appeal, permitting expenses incurred to protect a business asset but disallowing expenses related to a closed unit. The claim for depreciation on assets of the Kavesar factory was allowed by the Tribunal, emphasizing that asset use was not a determining factor. Regarding adhoc disallowance under section 14A, the Tribunal directed a re-examination, stressing the need for reasonableness in disallowances. The revenue's appeal was partly allowed for statistical purposes, with the decision emphasizing principles of interconnection and treatment of expenses and depreciation related to closed business units. en-us Wed, 22 Dec 2010 00:00:00 +0530 Fri, 30 Dec 2011 08:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207945 The Tribunal partly allowed the assessee's appeal, permitting expenses incurred to protect a business asset but disallowing expenses related to a closed unit. The claim for depreciation on assets of the Kavesar factory was allowed by the Tribunal, emphasizing that asset use was not a determining factor. Regarding adhoc disallowance under section 14A, the Tribunal directed a re-examination, stressing the need for reasonableness in disallowances. The revenue's appeal was partly allowed for statistical purposes, with the decision emphasizing principles of interconnection and treatment of expenses and depreciation related to closed business units. Case-Laws Income Tax Wed, 22 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207945