https://www.taxtmi.com/caselaws?id=176182 The Tribunal dismissed the department's appeal, affirming the CIT(A)'s decisions on all issues. It upheld the depreciation on furniture and fixtures, allowed the deduction under section 35AB, and confirmed that provisions for ascertained liabilities should not be added to book profits under section 115JA. Additionally, the Tribunal ruled that disallowance under section 14A requires actual evidence of incurred expenses, which was absent in this case. The decision emphasized consistency with previous Tribunal rulings on similar matters. en-us Sun, 22 Jan 2006 00:00:00 +0530 Tue, 26 Mar 2024 11:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176182 The Tribunal dismissed the department's appeal, affirming the CIT(A)'s decisions on all issues. It upheld the depreciation on furniture and fixtures, allowed the deduction under section 35AB, and confirmed that provisions for ascertained liabilities should not be added to book profits under section 115JA. Additionally, the Tribunal ruled that disallowance under section 14A requires actual evidence of incurred expenses, which was absent in this case. The decision emphasized consistency with previous Tribunal rulings on similar matters. Case-Laws Income Tax Sun, 22 Jan 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176182