https://www.taxtmi.com/caselaws?id=214413 The appeals filed by the Revenue regarding the disallowance of sundry creditors, prior period expenses, rate and depreciation on computer peripherals, and club expenses were dismissed. The Tribunal found that the burden of proof was discharged by the assessee regarding the sundry creditors, allowed the prior period expenses as allowable expenditure, increased the depreciation rate on computer peripherals, upheld the disallowance of club expenses, and allowed depreciation on capital stores for emergency spares. The Tribunal's decisions were upheld, leading to the dismissal of the appeals. en-us Thu, 31 May 2012 00:00:00 +0530 Fri, 29 Jun 2012 13:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214413 The appeals filed by the Revenue regarding the disallowance of sundry creditors, prior period expenses, rate and depreciation on computer peripherals, and club expenses were dismissed. The Tribunal found that the burden of proof was discharged by the assessee regarding the sundry creditors, allowed the prior period expenses as allowable expenditure, increased the depreciation rate on computer peripherals, upheld the disallowance of club expenses, and allowed depreciation on capital stores for emergency spares. The Tribunal's decisions were upheld, leading to the dismissal of the appeals. Case-Laws Income Tax Thu, 31 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214413