https://www.taxtmi.com/caselaws?id=215902 The Assessing Officer partially disallowed depreciation claimed on machineries from Singapore, remitted for further determination. Foreign exchange fluctuation loss disallowance was not considered due to lack of appeal. Disallowances for personal expenses and partner's remuneration were left open for determination. The Revenue's appeal on disallowance under section 40(a)(ia) was dismissed. The total addition by the A.O. was partly allowed in the assessee's appeal. The disallowances not raised before the CIT(A) were dismissed, and the section 40(a)(ia) issue was remitted back to the A.O. for reconsideration. en-us Mon, 25 Jun 2012 00:00:00 +0530 Mon, 20 Aug 2012 16:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215902 The Assessing Officer partially disallowed depreciation claimed on machineries from Singapore, remitted for further determination. Foreign exchange fluctuation loss disallowance was not considered due to lack of appeal. Disallowances for personal expenses and partner's remuneration were left open for determination. The Revenue's appeal on disallowance under section 40(a)(ia) was dismissed. The total addition by the A.O. was partly allowed in the assessee's appeal. The disallowances not raised before the CIT(A) were dismissed, and the section 40(a)(ia) issue was remitted back to the A.O. for reconsideration. Case-Laws Income Tax Mon, 25 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215902