https://www.taxtmi.com/caselaws?id=331794 ITAT Ahmedabad partly allowed assessee's appeal and dismissed Revenue's appeal. Court remanded miscellaneous expenses of Rs. 14.40 lacs to AO for verification of TDS applicability. Allowed depreciation on 5 trucks worth Rs. 67.34 lacs and Rs. 4.64 lacs depreciation on assets transferred from capital work-in-progress. Rejected Section 14A disallowance as no exempt income claimed. Allowed Rs. 56,000 sundry debit write-off as revenue expenditure. Permitted Rs. 36.3 lacs deduction under Section 40(a)(ia) for prior year expenses with TDS paid in current year. Held commission to directors constitutes salary under Section 192, not brokerage under Section 194H. Rejected interest disallowance on business advances totaling Rs. 91.07 lacs, finding them commercially justified given company's financial position. en-us Wed, 27 Jul 2016 00:00:00 +0530 Fri, 06 Jun 2025 10:39:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331794 ITAT Ahmedabad partly allowed assessee's appeal and dismissed Revenue's appeal. Court remanded miscellaneous expenses of Rs. 14.40 lacs to AO for verification of TDS applicability. Allowed depreciation on 5 trucks worth Rs. 67.34 lacs and Rs. 4.64 lacs depreciation on assets transferred from capital work-in-progress. Rejected Section 14A disallowance as no exempt income claimed. Allowed Rs. 56,000 sundry debit write-off as revenue expenditure. Permitted Rs. 36.3 lacs deduction under Section 40(a)(ia) for prior year expenses with TDS paid in current year. Held commission to directors constitutes salary under Section 192, not brokerage under Section 194H. Rejected interest disallowance on business advances totaling Rs. 91.07 lacs, finding them commercially justified given company's financial position. Case-Laws Income Tax Wed, 27 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331794