https://www.taxtmi.com/caselaws?id=274132 The High Court upheld the Income Tax Appellate Tribunal's decisions in favor of the assessee on all contested issues, including the allowance of commission and brokerage under Section 37, depreciation on machinery under Section 32, treatment of sales tax incentive as a capital receipt under Section 43B, and the claim under Section 80JJAA. The court emphasized the acceptance of books of account, verification of payments, and proper application of relevant sections of the Income Tax Act. All appeals were dismissed except one, as the main issues were decided in favor of the assessee. en-us Tue, 21 Mar 2017 00:00:00 +0530 Tue, 31 Jul 2018 07:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274132 The High Court upheld the Income Tax Appellate Tribunal's decisions in favor of the assessee on all contested issues, including the allowance of commission and brokerage under Section 37, depreciation on machinery under Section 32, treatment of sales tax incentive as a capital receipt under Section 43B, and the claim under Section 80JJAA. The court emphasized the acceptance of books of account, verification of payments, and proper application of relevant sections of the Income Tax Act. All appeals were dismissed except one, as the main issues were decided in favor of the assessee. Case-Laws Income Tax Tue, 21 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274132