https://www.taxtmi.com/caselaws?id=253663 The Tribunal partly allowed the assessee's appeal, directing the AO to delete the disallowance of prior period expenses as bad debts/trading loss, remitting the leave encashment provision issue back pending a Supreme Court decision, and instructing the AO to reconsider the depreciation on non-compete fee. The Tribunal upheld the deletion of addition for commission paid on sale of advertisement space and allowed 60% depreciation on computer accessories. The revenue's appeal was dismissed, affirming the CIT(A)'s decisions on various issues. en-us Wed, 22 Oct 2014 00:00:00 +0530 Mon, 01 Dec 2014 06:33:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253663 The Tribunal partly allowed the assessee's appeal, directing the AO to delete the disallowance of prior period expenses as bad debts/trading loss, remitting the leave encashment provision issue back pending a Supreme Court decision, and instructing the AO to reconsider the depreciation on non-compete fee. The Tribunal upheld the deletion of addition for commission paid on sale of advertisement space and allowed 60% depreciation on computer accessories. The revenue's appeal was dismissed, affirming the CIT(A)'s decisions on various issues. Case-Laws Income Tax Wed, 22 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253663