https://www.taxtmi.com/caselaws?id=216488 Delhi HC upheld ITAT's decision favoring the assessee on multiple issues. Regarding section 14A disallowance, the court remanded the case for reconsideration, noting Rule 8D applies only from AY 2008-09 and prior year expenses must be computed reasonably with proper hearing. On depreciation, the court held that the assessee's Beechcraft aircraft qualified as an "aeroplane" under depreciation rules, entitling it to 40% depreciation rather than plant and machinery rates. For cash payment claims under Rule 6DD(k), the court allowed deduction of airport charges paid in cash to Airport Authority of India, recognizing it as a statutory requirement with no alternative payment method available. en-us Mon, 03 Sep 2012 00:00:00 +0530 Fri, 13 Jun 2025 15:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216488 Delhi HC upheld ITAT's decision favoring the assessee on multiple issues. Regarding section 14A disallowance, the court remanded the case for reconsideration, noting Rule 8D applies only from AY 2008-09 and prior year expenses must be computed reasonably with proper hearing. On depreciation, the court held that the assessee's Beechcraft aircraft qualified as an "aeroplane" under depreciation rules, entitling it to 40% depreciation rather than plant and machinery rates. For cash payment claims under Rule 6DD(k), the court allowed deduction of airport charges paid in cash to Airport Authority of India, recognizing it as a statutory requirement with no alternative payment method available. Case-Laws Income Tax Mon, 03 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216488