https://www.taxtmi.com/caselaws?id=218001 The Tribunal upheld the decision of the CIT(A) to disallow depreciation under section 35(1)(iv) of the IT Act for the transfer of machinery from the production department to the research & development department. The appellant failed to provide sufficient evidence to prove the transfer and use of machinery for research activities, leading to the confirmation of the disallowance of Rs.14,76,411. The Tribunal emphasized the necessity of substantiating claims with concrete evidence to support deductions under tax provisions, ultimately dismissing the appeal of the assessee. en-us Fri, 19 Oct 2012 00:00:00 +0530 Wed, 31 Oct 2012 15:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218001 The Tribunal upheld the decision of the CIT(A) to disallow depreciation under section 35(1)(iv) of the IT Act for the transfer of machinery from the production department to the research & development department. The appellant failed to provide sufficient evidence to prove the transfer and use of machinery for research activities, leading to the confirmation of the disallowance of Rs.14,76,411. The Tribunal emphasized the necessity of substantiating claims with concrete evidence to support deductions under tax provisions, ultimately dismissing the appeal of the assessee. Case-Laws Income Tax Fri, 19 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218001