https://www.taxtmi.com/caselaws?id=176818 The case involved issues regarding the allowance of depreciation, disallowance of transit breakage, disallowance of brand registration expenses, employees' contribution to provident fund, and adding unascertained liabilities while computing profit. The Tribunal upheld depreciation without reducing notional depreciation, disallowed transit breakages due to lack of scientific basis, and directed the Assessing Officer to allow deductions for provident fund contributions made before the due date. The Tribunal also directed the reduction of provision for bad debts while upholding the disallowance of transit breakages in computing profit. en-us Mon, 16 Mar 2009 00:00:00 +0530 Tue, 29 Dec 2015 17:32:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176818 The case involved issues regarding the allowance of depreciation, disallowance of transit breakage, disallowance of brand registration expenses, employees' contribution to provident fund, and adding unascertained liabilities while computing profit. The Tribunal upheld depreciation without reducing notional depreciation, disallowed transit breakages due to lack of scientific basis, and directed the Assessing Officer to allow deductions for provident fund contributions made before the due date. The Tribunal also directed the reduction of provision for bad debts while upholding the disallowance of transit breakages in computing profit. Case-Laws Income Tax Mon, 16 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176818