https://www.taxtmi.com/caselaws?id=216637 The court admitted the appeal regarding the Tribunal's deletion of additions based on the Transfer Pricing Officer's report but did not admit the appeal on the deductibility of 10% of sales promotion and advertisement expenditure. Various issues were raised for assessment years 2005-06 and 2006-07, including depreciation on UPS and legal expenses related to unit closure. The court agreed with the tribunal that Rule 2BA does not apply to employer expenditures under the VRS scheme. It upheld the allowance of 60% depreciation on UPS and clarified that closure of one unit does not signify closure of the entire business. Ultimately, no substantial legal questions were found, and the application was disposed of. en-us Mon, 10 Sep 2012 00:00:00 +0530 Sat, 15 Sep 2012 11:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216637 The court admitted the appeal regarding the Tribunal's deletion of additions based on the Transfer Pricing Officer's report but did not admit the appeal on the deductibility of 10% of sales promotion and advertisement expenditure. Various issues were raised for assessment years 2005-06 and 2006-07, including depreciation on UPS and legal expenses related to unit closure. The court agreed with the tribunal that Rule 2BA does not apply to employer expenditures under the VRS scheme. It upheld the allowance of 60% depreciation on UPS and clarified that closure of one unit does not signify closure of the entire business. Ultimately, no substantial legal questions were found, and the application was disposed of. Case-Laws Income Tax Mon, 10 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216637