https://www.taxtmi.com/caselaws?id=195132 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s decisions regarding the allowance of depreciation and the deletion of additions under Sections 40(a)(ia) and 40A(3) of the Income Tax Act. The judgment emphasized the necessity of separately allowing depreciation when income is estimated using a net profit rate and concluded that disallowances under specific sections were unwarranted in such circumstances. en-us Fri, 09 Oct 2015 00:00:00 +0530 Tue, 17 Oct 2017 08:21:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195132 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s decisions regarding the allowance of depreciation and the deletion of additions under Sections 40(a)(ia) and 40A(3) of the Income Tax Act. The judgment emphasized the necessity of separately allowing depreciation when income is estimated using a net profit rate and concluded that disallowances under specific sections were unwarranted in such circumstances. Case-Laws Income Tax Fri, 09 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195132