https://www.taxtmi.com/caselaws?id=264225 The Tribunal upheld the CIT(A)'s decision to delete disallowances for depreciation on plant & machinery and technical know-how, finding the AO's application of Explanation 3 to Section 43(1) unjustified. However, the issue of the Rs. 43,86,417/- payment was remitted back to the AO for further consideration. The appeal was partly allowed. en-us Mon, 31 Aug 2015 00:00:00 +0530 Mon, 21 Sep 2015 10:53:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264225 The Tribunal upheld the CIT(A)'s decision to delete disallowances for depreciation on plant & machinery and technical know-how, finding the AO's application of Explanation 3 to Section 43(1) unjustified. However, the issue of the Rs. 43,86,417/- payment was remitted back to the AO for further consideration. The appeal was partly allowed. Case-Laws Income Tax Mon, 31 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264225