https://www.taxtmi.com/caselaws?id=260458 The Tribunal partially allowed the assessee's appeal and dismissed the Revenue's appeal. The disallowance of reimbursements and depreciation was overturned, ruling them as not taxable under Section 40(a)(i). The disallowance of legal services reimbursement was confirmed due to TDS non-compliance, but the Tribunal noted a curative provision. The disallowance of depreciation was overturned for lack of verifiable evidence. The deletion of advertisement expenses disallowance was upheld based on genuine expenditure evidence. The Tribunal directed the Assessing Officer to verify tax payment by Titus to prevent double taxation, clarifying various tax treatment aspects. en-us Fri, 27 Feb 2015 00:00:00 +0530 Sat, 13 Jun 2015 06:27:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260458 The Tribunal partially allowed the assessee's appeal and dismissed the Revenue's appeal. The disallowance of reimbursements and depreciation was overturned, ruling them as not taxable under Section 40(a)(i). The disallowance of legal services reimbursement was confirmed due to TDS non-compliance, but the Tribunal noted a curative provision. The disallowance of depreciation was overturned for lack of verifiable evidence. The deletion of advertisement expenses disallowance was upheld based on genuine expenditure evidence. The Tribunal directed the Assessing Officer to verify tax payment by Titus to prevent double taxation, clarifying various tax treatment aspects. Case-Laws Income Tax Fri, 27 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260458