https://www.taxtmi.com/caselaws?id=178438 The Tribunal partially allowed the appeals, addressing issues such as depreciation on intangible assets and eligibility for deductions. The judgment emphasized the importance of legal interpretations and the application of relevant case laws in resolving complex tax matters. The appellant's challenge to the initiation of action under Section 147 of the Act was dismissed, and certain expenditure issues were not addressed due to the favorable decision on depreciation. The Tribunal remanded the eligibility for deduction under section 80-IA of the Act back to the Assessing Officer for reconsideration based on recent legal judgments. en-us Fri, 18 Mar 2011 00:00:00 +0530 Wed, 19 Apr 2023 17:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178438 The Tribunal partially allowed the appeals, addressing issues such as depreciation on intangible assets and eligibility for deductions. The judgment emphasized the importance of legal interpretations and the application of relevant case laws in resolving complex tax matters. The appellant's challenge to the initiation of action under Section 147 of the Act was dismissed, and certain expenditure issues were not addressed due to the favorable decision on depreciation. The Tribunal remanded the eligibility for deduction under section 80-IA of the Act back to the Assessing Officer for reconsideration based on recent legal judgments. Case-Laws Income Tax Fri, 18 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178438