https://www.taxtmi.com/caselaws?id=346347 The Tribunal allowed the assessee's appeals in part, granting relief on disallowance under section 14A, depreciation on UPS, reimbursement for running a school, and depreciation on the Badminton court. The Revenue's appeals were dismissed, upholding decisions on exchange rate fluctuation loss and depreciation for earlier years. The issue of Sales tax/VAT subsidy was remitted to the AO for further consideration. en-us Fri, 16 Jun 2017 00:00:00 +0530 Thu, 10 Aug 2017 06:40:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346347 The Tribunal allowed the assessee's appeals in part, granting relief on disallowance under section 14A, depreciation on UPS, reimbursement for running a school, and depreciation on the Badminton court. The Revenue's appeals were dismissed, upholding decisions on exchange rate fluctuation loss and depreciation for earlier years. The issue of Sales tax/VAT subsidy was remitted to the AO for further consideration. Case-Laws Income Tax Fri, 16 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346347