https://www.taxtmi.com/caselaws?id=342473 The ITAT partially allowed the appeal, overturning the restriction on depreciation claim for a building, as the appellant proved possession and entitlement to full depreciation. However, the disallowance of professional fees for a Share Purchase Agreement was upheld due to lack of evidence contradicting the capital nature of the expenditure. The issue of disallowance based on interest amounts was remanded for further verification by the AO. en-us Wed, 03 May 2017 00:00:00 +0530 Fri, 05 May 2017 07:38:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342473 The ITAT partially allowed the appeal, overturning the restriction on depreciation claim for a building, as the appellant proved possession and entitlement to full depreciation. However, the disallowance of professional fees for a Share Purchase Agreement was upheld due to lack of evidence contradicting the capital nature of the expenditure. The issue of disallowance based on interest amounts was remanded for further verification by the AO. Case-Laws Income Tax Wed, 03 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342473