https://www.taxtmi.com/caselaws?id=244642 The Tribunal upheld the CIT(A)'s decision in dismissing the Revenue's appeal regarding the deletion of disallowance of VRS expenditure, switching accounting methods for LTA and medical expenses, disallowance of warranty and optional service contract expenses. The Tribunal also upheld the CIT(A)'s decision on the disallowance of depreciation, partly allowing the Revenue's appeal for statistical purposes. The judgment provides detailed analysis and legal interpretations on these issues, emphasizing the revenue nature of certain expenditures and the non-compulsory nature of depreciation claims. en-us Fri, 21 Feb 2014 00:00:00 +0530 Tue, 04 Mar 2014 10:36:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244642 The Tribunal upheld the CIT(A)'s decision in dismissing the Revenue's appeal regarding the deletion of disallowance of VRS expenditure, switching accounting methods for LTA and medical expenses, disallowance of warranty and optional service contract expenses. The Tribunal also upheld the CIT(A)'s decision on the disallowance of depreciation, partly allowing the Revenue's appeal for statistical purposes. The judgment provides detailed analysis and legal interpretations on these issues, emphasizing the revenue nature of certain expenditures and the non-compulsory nature of depreciation claims. Case-Laws Income Tax Fri, 21 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244642