https://www.taxtmi.com/caselaws?id=244433 The case involved issues regarding depreciation on upfront fees, classification of expenses, payments to group concerns, maintenance expenditure, depreciation rates, and confirmation of capital work in progress. The Tribunal ruled in favor of the assessee, allowing depreciation on the upfront fee as a capital asset, treating most expenses as revenue expenditure, justifying payments to group concerns, considering maintenance expenditure as revenue, depreciating specific assets at a higher rate, and allowing the capital work in progress amount based on additional evidence. The Department's appeal was dismissed, and the Assessee's appeal was allowed. en-us Fri, 14 Feb 2014 00:00:00 +0530 Wed, 26 Feb 2014 09:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244433 The case involved issues regarding depreciation on upfront fees, classification of expenses, payments to group concerns, maintenance expenditure, depreciation rates, and confirmation of capital work in progress. The Tribunal ruled in favor of the assessee, allowing depreciation on the upfront fee as a capital asset, treating most expenses as revenue expenditure, justifying payments to group concerns, considering maintenance expenditure as revenue, depreciating specific assets at a higher rate, and allowing the capital work in progress amount based on additional evidence. The Department's appeal was dismissed, and the Assessee's appeal was allowed. Case-Laws Income Tax Fri, 14 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244433