https://www.taxtmi.com/caselaws?id=343803 The appeal filed by the Department was dismissed, and the cross-objection by the assessee was allowed for statistical purposes. The Tribunal upheld the deletion of disallowances related to capital subsidy depreciation and transport payments, while remitting the issue of unabsorbed depreciation back to the Assessing Officer for verification. The disallowances for professional tax, capital expenditure on electricity connection, and interest on TDS payment were upheld. en-us Mon, 29 May 2017 00:00:00 +0530 Fri, 02 Jun 2017 11:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343803 The appeal filed by the Department was dismissed, and the cross-objection by the assessee was allowed for statistical purposes. The Tribunal upheld the deletion of disallowances related to capital subsidy depreciation and transport payments, while remitting the issue of unabsorbed depreciation back to the Assessing Officer for verification. The disallowances for professional tax, capital expenditure on electricity connection, and interest on TDS payment were upheld. Case-Laws Income Tax Mon, 29 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343803