https://www.taxtmi.com/caselaws?id=190523 The ITAT Mumbai ruled in favor of the assessee regarding the disallowance of depreciation claimed on the sale of machinery and equipment, directing the AO to delete the addition of Rs. 33,75,231. However, the disallowance of revenue expenditure of Rs. 2,00,00,000 and the disallowance made under section 14A read with Rule 8D were upheld by the ITAT. The appeal was partly allowed by the ITAT, with the assessee succeeding on one issue and failing on the other two issues. en-us Wed, 15 Jul 2015 00:00:00 +0530 Sat, 18 Feb 2017 10:17:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190523 The ITAT Mumbai ruled in favor of the assessee regarding the disallowance of depreciation claimed on the sale of machinery and equipment, directing the AO to delete the addition of Rs. 33,75,231. However, the disallowance of revenue expenditure of Rs. 2,00,00,000 and the disallowance made under section 14A read with Rule 8D were upheld by the ITAT. The appeal was partly allowed by the ITAT, with the assessee succeeding on one issue and failing on the other two issues. Case-Laws Income Tax Wed, 15 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190523