https://www.taxtmi.com/caselaws?id=263171 The tribunal partly allowed the assessee's appeal, restricting the disallowance under section 40A(2)(b) to Rs. 75,000 and deleting the disallowance of depreciation on the crane. The tribunal found the salary paid to the assessee's sons reasonable despite technical qualifications, considering increased receipts and lower wages percentage. The tribunal noted banking transactions supporting the crane purchase for business use, allowing the depreciation claim. The order was pronounced on May 25, 2015. en-us Mon, 25 May 2015 00:00:00 +0530 Mon, 17 Aug 2015 12:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263171 The tribunal partly allowed the assessee's appeal, restricting the disallowance under section 40A(2)(b) to Rs. 75,000 and deleting the disallowance of depreciation on the crane. The tribunal found the salary paid to the assessee's sons reasonable despite technical qualifications, considering increased receipts and lower wages percentage. The tribunal noted banking transactions supporting the crane purchase for business use, allowing the depreciation claim. The order was pronounced on May 25, 2015. Case-Laws Income Tax Mon, 25 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263171