https://www.taxtmi.com/caselaws?id=348898 The Tribunal upheld the CIT(A)'s decisions on various tax issues, allowing donations to DAV Trust, depreciation on catalyst, club expenses of employees, rent payments, and deductions against sale proceeds of mining rights. Disallowances under sections 35D and 40(a)(ia) were deleted, while partial disallowances of interest on borrowed funds for investments were upheld. The Tribunal dismissed the Revenue's appeal and allowed the assessee's appeal on previous years' expenses and partial interest disallowance for mutual funds investments, citing precedents and evidence in support. en-us Mon, 25 Sep 2017 00:00:00 +0530 Wed, 10 Jan 2018 12:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348898 The Tribunal upheld the CIT(A)'s decisions on various tax issues, allowing donations to DAV Trust, depreciation on catalyst, club expenses of employees, rent payments, and deductions against sale proceeds of mining rights. Disallowances under sections 35D and 40(a)(ia) were deleted, while partial disallowances of interest on borrowed funds for investments were upheld. The Tribunal dismissed the Revenue's appeal and allowed the assessee's appeal on previous years' expenses and partial interest disallowance for mutual funds investments, citing precedents and evidence in support. Case-Laws Income Tax Mon, 25 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348898