https://www.taxtmi.com/caselaws?id=190829 The appeal was partly allowed in favor of the assessee, with the issues of disallowance under Section 14A and addition based on AIR information remanded back to the Assessing Officer for fresh adjudication. The Tribunal upheld the depreciation rate on Uninterrupted Power Supply (UPS) and Marked to Market (MTM) losses in favor of the assessee. Additionally, the Tribunal confirmed the First Appellate Authority's decision allowing Employee Stock Option Scheme (ESOP) expenses as revenue expenditure, dismissing the Assessing Officer's appeal on this ground. en-us Fri, 11 Mar 2016 00:00:00 +0530 Fri, 03 Mar 2017 15:57:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190829 The appeal was partly allowed in favor of the assessee, with the issues of disallowance under Section 14A and addition based on AIR information remanded back to the Assessing Officer for fresh adjudication. The Tribunal upheld the depreciation rate on Uninterrupted Power Supply (UPS) and Marked to Market (MTM) losses in favor of the assessee. Additionally, the Tribunal confirmed the First Appellate Authority's decision allowing Employee Stock Option Scheme (ESOP) expenses as revenue expenditure, dismissing the Assessing Officer's appeal on this ground. Case-Laws Income Tax Fri, 11 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190829