https://www.taxtmi.com/caselaws?id=215377 The Tribunal partly allowed the Revenue's appeal, setting aside the CIT(A)'s order on disallowance under Section 14A and legal expenses, remanding both issues for fresh adjudication. The Tribunal upheld the CIT(A)'s decision on depreciation for UPS, allowing 60% depreciation. Regarding prior period expenses, the Tribunal remanded the issue for detailed analysis and compliance with procedural rules. The general grounds in the cross-objection were dismissed. The case outcome resulted in a partial allowance of the Revenue's appeal and directions for fresh adjudication on remanded issues. en-us Thu, 31 May 2012 00:00:00 +0530 Thu, 19 Jul 2012 17:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215377 The Tribunal partly allowed the Revenue's appeal, setting aside the CIT(A)'s order on disallowance under Section 14A and legal expenses, remanding both issues for fresh adjudication. The Tribunal upheld the CIT(A)'s decision on depreciation for UPS, allowing 60% depreciation. Regarding prior period expenses, the Tribunal remanded the issue for detailed analysis and compliance with procedural rules. The general grounds in the cross-objection were dismissed. The case outcome resulted in a partial allowance of the Revenue's appeal and directions for fresh adjudication on remanded issues. Case-Laws Income Tax Thu, 31 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215377