https://www.taxtmi.com/caselaws?id=194678 The Tribunal allowed the assessee's claims for various expenses such as entertainment, business meetings, and conferences, directing the AO to frame disallowances in line with past decisions. It also allowed depreciation on leased assets, deemed compensation from distributorship termination as a capital receipt, and upheld deductions for warranty expenses and vendor development. The Tribunal favored the assessee on several grounds, emphasizing the need for additional evidence and consistency in decision-making. Overall, the appeals were partly allowed, with the Tribunal considering each issue meticulously and relying on precedents to make its decisions. en-us Fri, 06 Jan 2017 00:00:00 +0530 Tue, 19 Sep 2017 10:22:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194678 The Tribunal allowed the assessee's claims for various expenses such as entertainment, business meetings, and conferences, directing the AO to frame disallowances in line with past decisions. It also allowed depreciation on leased assets, deemed compensation from distributorship termination as a capital receipt, and upheld deductions for warranty expenses and vendor development. The Tribunal favored the assessee on several grounds, emphasizing the need for additional evidence and consistency in decision-making. Overall, the appeals were partly allowed, with the Tribunal considering each issue meticulously and relying on precedents to make its decisions. Case-Laws Income Tax Fri, 06 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194678