https://www.taxtmi.com/caselaws?id=179982 The Tribunal upheld the CIT(A)'s decision to allow the deduction of balance depreciation/amortization as revenue expenditure for the assessment year 2006-07. The issue of delayed payment of employees' monthly contribution to PF and ESI was remitted back to the AO for verification. The disallowance of amortization of building expenses for the assessment year 2005-06 was upheld. The assessee's appeal for 2005-06 was dismissed, while the Revenue's appeal for 2006-07 was partly allowed for statistical purposes. en-us Thu, 29 Sep 2011 00:00:00 +0530 Mon, 14 Mar 2016 16:01:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179982 The Tribunal upheld the CIT(A)'s decision to allow the deduction of balance depreciation/amortization as revenue expenditure for the assessment year 2006-07. The issue of delayed payment of employees' monthly contribution to PF and ESI was remitted back to the AO for verification. The disallowance of amortization of building expenses for the assessment year 2005-06 was upheld. The assessee's appeal for 2005-06 was dismissed, while the Revenue's appeal for 2006-07 was partly allowed for statistical purposes. Case-Laws Income Tax Thu, 29 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179982