https://www.taxtmi.com/caselaws?id=210222 The Tribunal directed the AO to allow full depreciation for six months on assets acquired from HLL, rejecting the apportionment based on usage days. The Tribunal remanded the disallowed provision for trade discount back to the AO for re-examination with new evidence. Disallowance of interest expenses under Section 14A was deleted as the assessee had sufficient profits to cover investments. Non-compete fees were treated as capital expenditure. Various miscellaneous expenses disallowed by the AO were allowed by the CIT(A) and upheld by the Tribunal. Full depreciation was allowed on effluent treatment plants and assets taken over from HLL. en-us Wed, 22 Jun 2011 00:00:00 +0530 Mon, 08 Jul 2013 10:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210222 The Tribunal directed the AO to allow full depreciation for six months on assets acquired from HLL, rejecting the apportionment based on usage days. The Tribunal remanded the disallowed provision for trade discount back to the AO for re-examination with new evidence. Disallowance of interest expenses under Section 14A was deleted as the assessee had sufficient profits to cover investments. Non-compete fees were treated as capital expenditure. Various miscellaneous expenses disallowed by the AO were allowed by the CIT(A) and upheld by the Tribunal. Full depreciation was allowed on effluent treatment plants and assets taken over from HLL. Case-Laws Income Tax Wed, 22 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210222