https://www.taxtmi.com/caselaws?id=244061 The Appellate Tribunal upheld the disallowance of depreciation on the immovable property and the disallowance of salary expenditure. The Tribunal agreed with the Assessing Officer and CIT(A) that depreciation should only be allowed on the building, not the land, as per legal precedents. Additionally, the disallowance of salary expenditure was upheld due to lack of evidence for payments to employees. The Tribunal dismissed the appellant's appeal on both issues, providing detailed legal analysis to support its decision. en-us Fri, 14 Feb 2014 00:00:00 +0530 Mon, 17 Feb 2014 19:45:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244061 The Appellate Tribunal upheld the disallowance of depreciation on the immovable property and the disallowance of salary expenditure. The Tribunal agreed with the Assessing Officer and CIT(A) that depreciation should only be allowed on the building, not the land, as per legal precedents. Additionally, the disallowance of salary expenditure was upheld due to lack of evidence for payments to employees. The Tribunal dismissed the appellant's appeal on both issues, providing detailed legal analysis to support its decision. Case-Laws Income Tax Fri, 14 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244061