https://www.taxtmi.com/caselaws?id=239728 The Tribunal allowed the appeal, ruling in favor of the assessee. It held that the expenditure was revenue, not capital, deleting the disallowance of Rs.1,92,660. The Tribunal also disallowed the disallowance of TDS on payments to Mr. Deepak Jagnade, stating the payments were for services, not capital. Since the expenditure was not capital, depreciation was not allowed. The disallowance under Sec. 40(a)(ia) for TDS not deducted was rejected, as TDS was deducted on a portion of the payment. Additionally, the Tribunal found the short deduction of tax on payments unsubstantiated, providing relief on all contested issues. en-us Mon, 01 Apr 2013 00:00:00 +0530 Tue, 19 Nov 2013 14:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239728 The Tribunal allowed the appeal, ruling in favor of the assessee. It held that the expenditure was revenue, not capital, deleting the disallowance of Rs.1,92,660. The Tribunal also disallowed the disallowance of TDS on payments to Mr. Deepak Jagnade, stating the payments were for services, not capital. Since the expenditure was not capital, depreciation was not allowed. The disallowance under Sec. 40(a)(ia) for TDS not deducted was rejected, as TDS was deducted on a portion of the payment. Additionally, the Tribunal found the short deduction of tax on payments unsubstantiated, providing relief on all contested issues. Case-Laws Income Tax Mon, 01 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239728