https://www.taxtmi.com/caselaws?id=194158 The Tribunal allowed the assessee's claim under Section 35E, depreciation on a badminton court, reimbursement of school expenses, and upheld the allowance of exchange rate fluctuation loss. The disallowance of community expenses was dismissed due to the small amount. The Tribunal remanded the claim regarding sales tax and VAT subsidy for further examination. It upheld that assumption of depreciation for earlier years without actual allowance is impermissible and directed a reasonable disallowance under Section 14A read with Rule 8D. The decisions were in line with legal principles and precedents, ensuring fairness in tax law application. en-us Mon, 16 May 2016 00:00:00 +0530 Thu, 31 Aug 2017 07:09:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194158 The Tribunal allowed the assessee's claim under Section 35E, depreciation on a badminton court, reimbursement of school expenses, and upheld the allowance of exchange rate fluctuation loss. The disallowance of community expenses was dismissed due to the small amount. The Tribunal remanded the claim regarding sales tax and VAT subsidy for further examination. It upheld that assumption of depreciation for earlier years without actual allowance is impermissible and directed a reasonable disallowance under Section 14A read with Rule 8D. The decisions were in line with legal principles and precedents, ensuring fairness in tax law application. Case-Laws Income Tax Mon, 16 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194158