https://www.taxtmi.com/caselaws?id=326799 The Tribunal dismissed the revenue's appeal and partly allowed the assessee's appeal. The Tribunal upheld the CIT(A)'s decisions on depreciation on assets leased back, re-computation of depreciation due to foreign exchange fluctuation, deduction under sections 80HH and 80IA, disallowance of entertainment expenses, notional interest on overdraft for advance tax, deduction under section 80HHC, and expenditure on Global Depository Receipts. The Tribunal remanded the issue of accrual of technical know-how fees to the AO for verification to prevent double taxation. en-us Wed, 20 Apr 2016 00:00:00 +0530 Sat, 18 Jun 2016 10:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326799 The Tribunal dismissed the revenue's appeal and partly allowed the assessee's appeal. The Tribunal upheld the CIT(A)'s decisions on depreciation on assets leased back, re-computation of depreciation due to foreign exchange fluctuation, deduction under sections 80HH and 80IA, disallowance of entertainment expenses, notional interest on overdraft for advance tax, deduction under section 80HHC, and expenditure on Global Depository Receipts. The Tribunal remanded the issue of accrual of technical know-how fees to the AO for verification to prevent double taxation. Case-Laws Income Tax Wed, 20 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326799