https://www.taxtmi.com/caselaws?id=238934 The Tribunal upheld the lower authorities' decisions in favor of the assessee on all three issues presented. It allowed the deduction of payments to an unapproved gratuity fund under section 37(1), dismissed the disallowance of proportionate interest on investments and loans to the subsidiary, and approved the depreciation claim on intangible assets, including goodwill. The Tribunal relied on precedents and legal provisions to support its decision, ultimately dismissing the Revenue's appeal. en-us Wed, 11 Apr 2012 00:00:00 +0530 Mon, 21 Mar 2016 10:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238934 The Tribunal upheld the lower authorities' decisions in favor of the assessee on all three issues presented. It allowed the deduction of payments to an unapproved gratuity fund under section 37(1), dismissed the disallowance of proportionate interest on investments and loans to the subsidiary, and approved the depreciation claim on intangible assets, including goodwill. The Tribunal relied on precedents and legal provisions to support its decision, ultimately dismissing the Revenue's appeal. Case-Laws Income Tax Wed, 11 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238934