https://www.taxtmi.com/caselaws?id=191376 The Tribunal dismissed the revenue's appeal on the disallowance of Annual Technical Services (ATS) fees due to tax effect restrictions. It allowed the claim for depreciation on Wind Energy Generators based on previous decisions and Supreme Court rulings. The disallowance under Section 14A was not upheld as interest-free funds exceeded tax-free investments. The write-off of Preference Shares as bad debts was remitted for re-examination. Claims related to exempt income, HTM investments, and foreign exchange fluctuation were restored for fresh decision. The Tribunal directed the deletion of the addition on gain from securitization and recomputation of interest withdrawal under Section 244A. en-us Tue, 15 Mar 2016 00:00:00 +0530 Sat, 01 Apr 2017 10:10:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191376 The Tribunal dismissed the revenue's appeal on the disallowance of Annual Technical Services (ATS) fees due to tax effect restrictions. It allowed the claim for depreciation on Wind Energy Generators based on previous decisions and Supreme Court rulings. The disallowance under Section 14A was not upheld as interest-free funds exceeded tax-free investments. The write-off of Preference Shares as bad debts was remitted for re-examination. Claims related to exempt income, HTM investments, and foreign exchange fluctuation were restored for fresh decision. The Tribunal directed the deletion of the addition on gain from securitization and recomputation of interest withdrawal under Section 244A. Case-Laws Income Tax Tue, 15 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191376