https://www.taxtmi.com/caselaws?id=212466 The Tribunal allowed the treatment of spare parts as capital assets for depreciation, dismissed the disallowance of long service award payment, excluded provision written back to profit and loss account, referred the depreciation rate for electrical wiring back to the Assessing Officer, allowed computation of interest under Section 234B in favor of the assessee, dismissed penalties initiation under various sections, referred transfer pricing adjustments back for fresh determination, and dismissed the charge of interest under Section 234D based on legal precedents and detailed analysis. Both appeals were treated as partly allowed for statistical purposes. en-us Fri, 05 Aug 2011 00:00:00 +0530 Fri, 25 May 2012 12:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212466 The Tribunal allowed the treatment of spare parts as capital assets for depreciation, dismissed the disallowance of long service award payment, excluded provision written back to profit and loss account, referred the depreciation rate for electrical wiring back to the Assessing Officer, allowed computation of interest under Section 234B in favor of the assessee, dismissed penalties initiation under various sections, referred transfer pricing adjustments back for fresh determination, and dismissed the charge of interest under Section 234D based on legal precedents and detailed analysis. Both appeals were treated as partly allowed for statistical purposes. Case-Laws Income Tax Fri, 05 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212466