https://www.taxtmi.com/caselaws?id=262247 The Tribunal upheld the CIT(A)'s decisions on all issues, dismissing the Revenue's appeal. The disallowance of depreciation on energy-saving devices was deemed justified, as the plants were considered part of an energy-saving plant. The disallowance of purchases was overturned due to lack of proper verification by the AO. The addition of share application money under Section 68 was partially upheld based on lack of proof for a portion of the amount. The Tribunal found the CIT(A)'s reasoning sound and warranted no interference. en-us Thu, 30 Jul 2015 00:00:00 +0530 Thu, 06 Aug 2015 06:44:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262247 The Tribunal upheld the CIT(A)'s decisions on all issues, dismissing the Revenue's appeal. The disallowance of depreciation on energy-saving devices was deemed justified, as the plants were considered part of an energy-saving plant. The disallowance of purchases was overturned due to lack of proper verification by the AO. The addition of share application money under Section 68 was partially upheld based on lack of proof for a portion of the amount. The Tribunal found the CIT(A)'s reasoning sound and warranted no interference. Case-Laws Income Tax Thu, 30 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262247