https://www.taxtmi.com/caselaws?id=180090 The Tribunal partially allowed the appeal, setting aside the disallowance under Section 40A(3) of the IT Act. The AO was directed to delete the addition of Rs. 1,60,69,350. However, the disallowance of depreciation on assets costing below Rs. 5,000 was not pursued and therefore rejected. Grounds 7 and 8, being general in nature, were not addressed. en-us Fri, 12 Mar 2010 00:00:00 +0530 Sun, 03 Sep 2023 12:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180090 The Tribunal partially allowed the appeal, setting aside the disallowance under Section 40A(3) of the IT Act. The AO was directed to delete the addition of Rs. 1,60,69,350. However, the disallowance of depreciation on assets costing below Rs. 5,000 was not pursued and therefore rejected. Grounds 7 and 8, being general in nature, were not addressed. Case-Laws Income Tax Fri, 12 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180090