https://www.taxtmi.com/caselaws?id=244650 The Tribunal partly allowed the Revenue's appeal and dismissed the assessee's cross-objections. Key decisions included upholding the CIT(A)'s rejection of the AO's disallowance of business expenses and depreciation, confirming the addition of undisclosed contract income, and affirming the taxability of brokerage income at the rates admitted by the assessee. The Tribunal stressed the significance of accurate books of account and the criteria for claiming depreciation under the IT Act. en-us Fri, 21 Feb 2014 00:00:00 +0530 Tue, 04 Mar 2014 10:37:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244650 The Tribunal partly allowed the Revenue's appeal and dismissed the assessee's cross-objections. Key decisions included upholding the CIT(A)'s rejection of the AO's disallowance of business expenses and depreciation, confirming the addition of undisclosed contract income, and affirming the taxability of brokerage income at the rates admitted by the assessee. The Tribunal stressed the significance of accurate books of account and the criteria for claiming depreciation under the IT Act. Case-Laws Income Tax Fri, 21 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244650