https://www.taxtmi.com/caselaws?id=267144 The Tribunal upheld the Ld. CIT(A)'s decisions on all three issues, dismissing the Revenue's appeal in its entirety. The additions representing forefeiture of warrants under section 28(iv) of the Act were deemed capital receipts not chargeable to tax. The deletion of additions made under section 14A of the Act was upheld, as investments were made from own capital. The disallowance of depreciation due to over invoicing of assets was also deleted based on previous Tribunal decisions in the assessee's favor. en-us Wed, 09 Sep 2015 00:00:00 +0530 Sat, 31 Oct 2015 09:40:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267144 The Tribunal upheld the Ld. CIT(A)'s decisions on all three issues, dismissing the Revenue's appeal in its entirety. The additions representing forefeiture of warrants under section 28(iv) of the Act were deemed capital receipts not chargeable to tax. The deletion of additions made under section 14A of the Act was upheld, as investments were made from own capital. The disallowance of depreciation due to over invoicing of assets was also deleted based on previous Tribunal decisions in the assessee's favor. Case-Laws Income Tax Wed, 09 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267144