https://www.taxtmi.com/caselaws?id=182264 The Tribunal allowed the appeals partly, directing authorities to grant depreciation on capital expenditures and reconsider disallowances of interest on capital advances and amounts spent towards capital work in progress based on evidence and judicial precedents provided by the assessee. The Tribunal concluded that the assessee had proven the identity, creditworthiness, and genuineness of the transaction regarding the addition of Rs. 3,70,00,000/- as share capital and share premium, ultimately deleting the addition. en-us Thu, 01 Oct 2015 00:00:00 +0530 Fri, 06 May 2016 11:48:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182264 The Tribunal allowed the appeals partly, directing authorities to grant depreciation on capital expenditures and reconsider disallowances of interest on capital advances and amounts spent towards capital work in progress based on evidence and judicial precedents provided by the assessee. The Tribunal concluded that the assessee had proven the identity, creditworthiness, and genuineness of the transaction regarding the addition of Rs. 3,70,00,000/- as share capital and share premium, ultimately deleting the addition. Case-Laws Income Tax Thu, 01 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182264