https://www.taxtmi.com/caselaws?id=261321 The appeal by the revenue was partly allowed for statistical purposes. The Tribunal remitted the issue of relief on account of royalty payment against undisclosed investment in expenses to the Assessing Officer for fresh consideration in accordance with appellate orders. The Tribunal upheld the allowance of depreciation on a vehicle acquired during the year, as it was purchased for business and deemed ready for use, leading to the dismissal of the revenue's ground on this issue. en-us Tue, 30 Jun 2015 00:00:00 +0530 Wed, 08 Jul 2015 10:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261321 The appeal by the revenue was partly allowed for statistical purposes. The Tribunal remitted the issue of relief on account of royalty payment against undisclosed investment in expenses to the Assessing Officer for fresh consideration in accordance with appellate orders. The Tribunal upheld the allowance of depreciation on a vehicle acquired during the year, as it was purchased for business and deemed ready for use, leading to the dismissal of the revenue's ground on this issue. Case-Laws Income Tax Tue, 30 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261321