https://www.taxtmi.com/caselaws?id=333688 The appeal was made against the disallowance and addition by the AO for A.Y 2010-11. The assessee challenged various aspects of the CIT (A)'s decision, including disallowance of share application money, ESI & P.F. contributions, and depreciation. The Tribunal remanded the issue of share application money for verification, allowed the grounds related to ESI & P.F. contributions, and depreciation on the investment subsidy. The Tribunal held that the subsidy was not meant to cover asset costs, permitting the claim for depreciation. The appeal was partially allowed, with certain grounds being upheld and others remanded for further review. en-us Thu, 04 Aug 2016 00:00:00 +0530 Thu, 20 Oct 2016 13:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333688 The appeal was made against the disallowance and addition by the AO for A.Y 2010-11. The assessee challenged various aspects of the CIT (A)'s decision, including disallowance of share application money, ESI & P.F. contributions, and depreciation. The Tribunal remanded the issue of share application money for verification, allowed the grounds related to ESI & P.F. contributions, and depreciation on the investment subsidy. The Tribunal held that the subsidy was not meant to cover asset costs, permitting the claim for depreciation. The appeal was partially allowed, with certain grounds being upheld and others remanded for further review. Case-Laws Income Tax Thu, 04 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333688