https://www.taxtmi.com/caselaws?id=239757 The Tribunal upheld the CIT(A)'s decisions on various issues, including allowing VRS payments as revenue expenditure, deducting interest on loans for a new glass factory, accepting the assessee's decision not to claim depreciation on amalgamated assets, permitting depreciation on bulk drug division assets, and allowing expenses on closure of Thane factory. Additionally, the Tribunal disallowed bad debt provision pending verification, allowed payments to foreign technicians, and directed depreciation on building repairs. The Tribunal dismissed the Revenue's appeal and granted relief to the assessee on multiple grounds, in line with relevant court precedents. en-us Fri, 15 Mar 2013 00:00:00 +0530 Wed, 01 Apr 2015 16:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239757 The Tribunal upheld the CIT(A)'s decisions on various issues, including allowing VRS payments as revenue expenditure, deducting interest on loans for a new glass factory, accepting the assessee's decision not to claim depreciation on amalgamated assets, permitting depreciation on bulk drug division assets, and allowing expenses on closure of Thane factory. Additionally, the Tribunal disallowed bad debt provision pending verification, allowed payments to foreign technicians, and directed depreciation on building repairs. The Tribunal dismissed the Revenue's appeal and granted relief to the assessee on multiple grounds, in line with relevant court precedents. Case-Laws Income Tax Fri, 15 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239757