https://www.taxtmi.com/caselaws?id=184884 The Revenue's appeal was dismissed in a case involving various tax issues, including the deletion of disallowance of claimed expenditure, addition under section 14A, allowance of incentives, depreciation claim, penalty initiation under section 271(1)(c), and charging of interest under sections 234B, 234C, and 234D. The Tribunal ruled in favor of the assessee on most grounds, allowing the depreciation claim on plant and machinery and the incentive paid to dealers while dismissing the Revenue's contentions on disallowances and penalties. The charging of interest was upheld as mandatory. en-us Tue, 10 Apr 2012 00:00:00 +0530 Sat, 23 Jul 2016 12:55:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184884 The Revenue's appeal was dismissed in a case involving various tax issues, including the deletion of disallowance of claimed expenditure, addition under section 14A, allowance of incentives, depreciation claim, penalty initiation under section 271(1)(c), and charging of interest under sections 234B, 234C, and 234D. The Tribunal ruled in favor of the assessee on most grounds, allowing the depreciation claim on plant and machinery and the incentive paid to dealers while dismissing the Revenue's contentions on disallowances and penalties. The charging of interest was upheld as mandatory. Case-Laws Income Tax Tue, 10 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184884