https://www.taxtmi.com/caselaws?id=256318 The tribunal rectified its order disallowing depreciation on a leased building, acknowledging the error in applying the relevant provision. The tribunal directed a rectification and confirmed the disallowance of the alternate depreciation claim. The challenge to the disallowance under section 14A was dismissed due to lack of specific pleading. The classification of repair and renovation expenditure was revisited, with the tribunal recognizing the valid claim if the expenditure was part of the correct asset category. The matter was remitted for factual determination. The tribunal partly allowed the appeal and restored the case for further assessment. en-us Fri, 30 Jan 2015 00:00:00 +0530 Sat, 28 Mar 2015 12:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256318 The tribunal rectified its order disallowing depreciation on a leased building, acknowledging the error in applying the relevant provision. The tribunal directed a rectification and confirmed the disallowance of the alternate depreciation claim. The challenge to the disallowance under section 14A was dismissed due to lack of specific pleading. The classification of repair and renovation expenditure was revisited, with the tribunal recognizing the valid claim if the expenditure was part of the correct asset category. The matter was remitted for factual determination. The tribunal partly allowed the appeal and restored the case for further assessment. Case-Laws Income Tax Fri, 30 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256318