https://www.taxtmi.com/caselaws?id=274512 The appeal against the CIT(A) order on disallowance under section 14A, depreciation rate on moulds, and application of section 145A was successful. The Tribunal directed the AO to recompute the disallowance under section 14A consistently with preceding years, allowing ground no. 1 for statistical purposes. Regarding depreciation on moulds, the Tribunal instructed the AO to permit depreciation at 30% as claimed, overturning the CIT(A)'s decision to restrict it to 15%. The issue of calculating closing stocks under section 145A was resolved by directing the AO to follow ICAI provisions, maintaining consistency with the previous year's decision. en-us Mon, 18 Mar 2013 00:00:00 +0530 Sat, 18 Aug 2018 18:26:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274512 The appeal against the CIT(A) order on disallowance under section 14A, depreciation rate on moulds, and application of section 145A was successful. The Tribunal directed the AO to recompute the disallowance under section 14A consistently with preceding years, allowing ground no. 1 for statistical purposes. Regarding depreciation on moulds, the Tribunal instructed the AO to permit depreciation at 30% as claimed, overturning the CIT(A)'s decision to restrict it to 15%. The issue of calculating closing stocks under section 145A was resolved by directing the AO to follow ICAI provisions, maintaining consistency with the previous year's decision. Case-Laws Income Tax Mon, 18 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274512