https://www.taxtmi.com/caselaws?id=351079 The Tribunal dismissed the Revenue's appeal, upholding the CIT (A)'s order on all grounds. The judgment emphasized consistency in decisions and the self-contained nature of relevant legal provisions. The Tribunal ruled against the Revenue on the deletion of royalty payment as revenue expenditure, depreciation disallowance on UPS, and the application of Section 79 for computing book profit under Section 115JB. The Tribunal found no illegality in the CIT (A)'s findings, citing previous decisions and the need for verification of specific documents by the Assessing Officer. en-us Fri, 10 Nov 2017 00:00:00 +0530 Fri, 17 Nov 2017 17:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351079 The Tribunal dismissed the Revenue's appeal, upholding the CIT (A)'s order on all grounds. The judgment emphasized consistency in decisions and the self-contained nature of relevant legal provisions. The Tribunal ruled against the Revenue on the deletion of royalty payment as revenue expenditure, depreciation disallowance on UPS, and the application of Section 79 for computing book profit under Section 115JB. The Tribunal found no illegality in the CIT (A)'s findings, citing previous decisions and the need for verification of specific documents by the Assessing Officer. Case-Laws Income Tax Fri, 10 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351079