https://www.taxtmi.com/caselaws?id=216916 The case involved challenges to the validity of assessments under sections 147/148 of the Income Tax Act, addition of commission income, disallowance of deduction under section 10B, and disallowance of depreciation on alleged over-invoiced assets. The Tribunal ruled in favor of the assessee, deleting the commission additions for all years, rejecting disallowance of deduction under section 10B, and upholding the genuineness of the depreciation claims. The Revenue's appeals were dismissed, confirming the deletion of the adhoc disallowance of depreciation. en-us Wed, 11 Jul 2012 00:00:00 +0530 Mon, 11 Apr 2016 10:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216916 The case involved challenges to the validity of assessments under sections 147/148 of the Income Tax Act, addition of commission income, disallowance of deduction under section 10B, and disallowance of depreciation on alleged over-invoiced assets. The Tribunal ruled in favor of the assessee, deleting the commission additions for all years, rejecting disallowance of deduction under section 10B, and upholding the genuineness of the depreciation claims. The Revenue's appeals were dismissed, confirming the deletion of the adhoc disallowance of depreciation. Case-Laws Income Tax Wed, 11 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216916