https://www.taxtmi.com/caselaws?id=235896 The Court upheld the Tribunal's decision to remand the matter regarding the claim of depreciation on intangible assets. It declined to interfere with the decision on the addition made on account of bogus purchase, disallowance of interest, loss on sale of raw materials, and differences in balance. The Court remanded the issue of share and debenture issue expenses for further adjudication and upheld the deletion of machinery repair expenses based on factual considerations. Overall, the Court provided detailed analysis on each issue raised in the appeal and decided accordingly. en-us Mon, 07 Jan 2013 00:00:00 +0530 Thu, 08 Aug 2013 10:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235896 The Court upheld the Tribunal's decision to remand the matter regarding the claim of depreciation on intangible assets. It declined to interfere with the decision on the addition made on account of bogus purchase, disallowance of interest, loss on sale of raw materials, and differences in balance. The Court remanded the issue of share and debenture issue expenses for further adjudication and upheld the deletion of machinery repair expenses based on factual considerations. Overall, the Court provided detailed analysis on each issue raised in the appeal and decided accordingly. Case-Laws Income Tax Mon, 07 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235896