https://www.taxtmi.com/caselaws?id=328106 The ITAT dismissed the appeal, upholding the CIT(A)'s decisions on all issues. The deletions of additions on account of sales returns/warranty scrapped at customers' end were accepted due to evidence provided by the assessee. Excess depreciation on certain assets was allowed after evidence of asset usage was presented. Disallowance under sec. 14A of the Act was reduced based on faults found in the AO's application of Rule 8D. The ITAT stressed the necessity of supporting evidence and proper application of tax rules. en-us Fri, 22 Apr 2016 00:00:00 +0530 Thu, 26 May 2016 08:18:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328106 The ITAT dismissed the appeal, upholding the CIT(A)'s decisions on all issues. The deletions of additions on account of sales returns/warranty scrapped at customers' end were accepted due to evidence provided by the assessee. Excess depreciation on certain assets was allowed after evidence of asset usage was presented. Disallowance under sec. 14A of the Act was reduced based on faults found in the AO's application of Rule 8D. The ITAT stressed the necessity of supporting evidence and proper application of tax rules. Case-Laws Income Tax Fri, 22 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328106