https://www.taxtmi.com/caselaws?id=217201 The ITAT upheld the CIT(A)'s decision to allow the claim under section 43B of the Income Tax Act for electricity duty and PF liability, emphasizing timely payment. It also directed the AO to allow depreciation at 10% for assets used for less than 180 days, dismissing the Revenue's appeal. The ITAT affirmed the CIT(A)'s decisions on both issues, clarifying deduction requirements under section 43B and depreciation treatment on assets acquired during the year. en-us Fri, 21 Sep 2012 00:00:00 +0530 Fri, 08 Apr 2016 15:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217201 The ITAT upheld the CIT(A)'s decision to allow the claim under section 43B of the Income Tax Act for electricity duty and PF liability, emphasizing timely payment. It also directed the AO to allow depreciation at 10% for assets used for less than 180 days, dismissing the Revenue's appeal. The ITAT affirmed the CIT(A)'s decisions on both issues, clarifying deduction requirements under section 43B and depreciation treatment on assets acquired during the year. Case-Laws Income Tax Fri, 21 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217201