https://www.taxtmi.com/caselaws?id=259430 The Tribunal upheld the validity of the assessment under section 153C read with section 143(3) of the Income-tax Act, dismissing the assessee's contention regarding the absence of incriminating documents. The Tribunal also disallowed the assessee's claim for depreciation and other expenses related to the property "Shubhalaxmi" due to ownership issues. However, it allowed 50% of certain expenses related to the property for business purposes. The Tribunal upheld the deduction claimed under section 35(1)(iv) for scientific research expenses and allowed revenue expenditure incurred for securing the right to practice at Jahangir Hospital. en-us Fri, 10 Apr 2015 00:00:00 +0530 Mon, 11 May 2015 09:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259430 The Tribunal upheld the validity of the assessment under section 153C read with section 143(3) of the Income-tax Act, dismissing the assessee's contention regarding the absence of incriminating documents. The Tribunal also disallowed the assessee's claim for depreciation and other expenses related to the property "Shubhalaxmi" due to ownership issues. However, it allowed 50% of certain expenses related to the property for business purposes. The Tribunal upheld the deduction claimed under section 35(1)(iv) for scientific research expenses and allowed revenue expenditure incurred for securing the right to practice at Jahangir Hospital. Case-Laws Income Tax Fri, 10 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259430