https://www.taxtmi.com/caselaws?id=178957 The Tribunal ruled in favor of the assessee on various issues, allowing depreciation on goodwill, provisions for leave salary, and rural development expenditure. However, decisions were made against the assessee on matters such as adjusting unabsorbed depreciation and adding deferred tax provision to book profits. Several issues were remanded to the Assessing Officer for reconsideration based on past precedents. Penalty proceedings were deemed premature. en-us Fri, 01 Aug 2014 00:00:00 +0530 Wed, 17 Feb 2016 10:03:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178957 The Tribunal ruled in favor of the assessee on various issues, allowing depreciation on goodwill, provisions for leave salary, and rural development expenditure. However, decisions were made against the assessee on matters such as adjusting unabsorbed depreciation and adding deferred tax provision to book profits. Several issues were remanded to the Assessing Officer for reconsideration based on past precedents. Penalty proceedings were deemed premature. Case-Laws Income Tax Fri, 01 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178957