https://www.taxtmi.com/caselaws?id=218336 The ITAT dismissed the Revenue's appeals for the assessment years 2002-2003, 2003-2004, and 2005-2006. The appeals by the assessee for the assessment years 2002-2003, 2003-2004 (for statistical purposes), and 2006-2007 were allowed. The ITAT upheld the deletion of additions for non-charging of interest on non-performing advances, rejected the disallowance of loss due to the rejection of books of account, set aside the disallowance of depreciation on leased assets for re-examination, and allowed the appeal regarding the disallowance of penal interest for late payment. en-us Fri, 05 Oct 2012 00:00:00 +0530 Sat, 10 Nov 2012 10:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218336 The ITAT dismissed the Revenue's appeals for the assessment years 2002-2003, 2003-2004, and 2005-2006. The appeals by the assessee for the assessment years 2002-2003, 2003-2004 (for statistical purposes), and 2006-2007 were allowed. The ITAT upheld the deletion of additions for non-charging of interest on non-performing advances, rejected the disallowance of loss due to the rejection of books of account, set aside the disallowance of depreciation on leased assets for re-examination, and allowed the appeal regarding the disallowance of penal interest for late payment. Case-Laws Income Tax Fri, 05 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218336