https://www.taxtmi.com/caselaws?id=176202 The Tribunal upheld the CIT(A)'s decision that franchisee fees received by the DPS Society were not taxable as business income under Section 11(4A) of the Income Tax Act. Additionally, the Tribunal affirmed the allowance of depreciation on fixed assets, rejecting the Revenue's claim of double deduction. The Tribunal emphasized consistency in its rulings and the correct application of legal provisions and precedents, ultimately dismissing the Revenue's appeal on both issues. en-us Fri, 28 Sep 2012 00:00:00 +0530 Mon, 29 Jan 2018 09:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176202 The Tribunal upheld the CIT(A)'s decision that franchisee fees received by the DPS Society were not taxable as business income under Section 11(4A) of the Income Tax Act. Additionally, the Tribunal affirmed the allowance of depreciation on fixed assets, rejecting the Revenue's claim of double deduction. The Tribunal emphasized consistency in its rulings and the correct application of legal provisions and precedents, ultimately dismissing the Revenue's appeal on both issues. Case-Laws Income Tax Fri, 28 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176202