https://www.taxtmi.com/caselaws?id=174650 The appeal was allowed in favor of the assessee. The disallowance of Rs. 6,72,339 under section 41(1) of the Act was overturned as there was no evidence of cessation or remission of liability. Additionally, the disallowance of Rs. 52,156 on account of additional depreciation under the Technology Upgradation Fund Scheme was also reversed, with the Tribunal determining that the machinery purchased was eligible for 50% depreciation. en-us Thu, 30 Jun 2011 00:00:00 +0530 Tue, 13 Oct 2015 18:09:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174650 The appeal was allowed in favor of the assessee. The disallowance of Rs. 6,72,339 under section 41(1) of the Act was overturned as there was no evidence of cessation or remission of liability. Additionally, the disallowance of Rs. 52,156 on account of additional depreciation under the Technology Upgradation Fund Scheme was also reversed, with the Tribunal determining that the machinery purchased was eligible for 50% depreciation. Case-Laws Income Tax Thu, 30 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174650