https://www.taxtmi.com/caselaws?id=327187 The Tribunal partly allowed the appeal of the assessee, ruling that the proviso to Section 2(15) was not applicable and deleting the addition of Rs. 1.74 Crores. The appeal of the Revenue concerning depreciation was dismissed, confirming that depreciation does not constitute double deduction. The levy of interest under Sections 234A and 234B was upheld as mandatory and consequential. en-us Wed, 20 Apr 2016 00:00:00 +0530 Tue, 03 May 2016 10:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327187 The Tribunal partly allowed the appeal of the assessee, ruling that the proviso to Section 2(15) was not applicable and deleting the addition of Rs. 1.74 Crores. The appeal of the Revenue concerning depreciation was dismissed, confirming that depreciation does not constitute double deduction. The levy of interest under Sections 234A and 234B was upheld as mandatory and consequential. Case-Laws Income Tax Wed, 20 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327187