https://www.taxtmi.com/caselaws?id=218256 Depreciation on a leasehold office building was treated as allowable where the assessee had possession, business use and tax payments in its own name, despite no registered conveyance deed. Foreign travel for international sugar-trade meetings, provident fund trust contributions within prescribed time, and valuation of closing stock at lower of cost or market value were also upheld as deductible or acceptable on the facts and on consistency with prior years. For section 14A, Rule 8D was not applied for the year and disallowance was confined to a reasonable estimate, with no interest disallowance. Interest on income-tax refund and levy of section 234D interest were remanded for fresh adjudication. en-us Fri, 13 Jan 2012 00:00:00 +0530 Thu, 08 Nov 2012 08:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218256 Depreciation on a leasehold office building was treated as allowable where the assessee had possession, business use and tax payments in its own name, despite no registered conveyance deed. Foreign travel for international sugar-trade meetings, provident fund trust contributions within prescribed time, and valuation of closing stock at lower of cost or market value were also upheld as deductible or acceptable on the facts and on consistency with prior years. For section 14A, Rule 8D was not applied for the year and disallowance was confined to a reasonable estimate, with no interest disallowance. Interest on income-tax refund and levy of section 234D interest were remanded for fresh adjudication. Case-Laws Income Tax Fri, 13 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218256