https://www.taxtmi.com/caselaws?id=221844 The Tribunal partially allowed the appeal concerning disallowance under section 40A(2)(b) of the Income Tax Act, restricting the disallowance to the increased lease rent amount. Regarding the disallowance of depreciation on machinery under the TUF Scheme, the Tribunal directed allowance at a 50% rate based on previous orders. Miscellaneous issues on interest under sections 234B and 234C were resolved in favor of the assessee. The Tribunal's decision provided a detailed analysis of each issue, ensuring a fair examination and consideration of legal precedents. en-us Fri, 15 Feb 2013 00:00:00 +0530 Tue, 02 Apr 2013 10:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221844 The Tribunal partially allowed the appeal concerning disallowance under section 40A(2)(b) of the Income Tax Act, restricting the disallowance to the increased lease rent amount. Regarding the disallowance of depreciation on machinery under the TUF Scheme, the Tribunal directed allowance at a 50% rate based on previous orders. Miscellaneous issues on interest under sections 234B and 234C were resolved in favor of the assessee. The Tribunal's decision provided a detailed analysis of each issue, ensuring a fair examination and consideration of legal precedents. Case-Laws Income Tax Fri, 15 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221844