https://www.taxtmi.com/caselaws?id=366868 The High Court upheld the Income Tax Appellate Tribunal's decisions on all issues raised. The Tribunal's findings on loans to subsidiaries, depreciation on leased assets, and disallowance under Section 14(A) were supported by factual and legal reasoning. The Court affirmed the deletion of additions under Section 36(1)(iii), allowance of depreciation, and reduction of disallowance to Rs. 2 lakhs. The appeal challenging the Tribunal's judgment was dismissed based on the assessee's financial position and investment activities. en-us Mon, 13 Aug 2018 00:00:00 +0530 Thu, 12 Oct 2023 14:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366868 The High Court upheld the Income Tax Appellate Tribunal's decisions on all issues raised. The Tribunal's findings on loans to subsidiaries, depreciation on leased assets, and disallowance under Section 14(A) were supported by factual and legal reasoning. The Court affirmed the deletion of additions under Section 36(1)(iii), allowance of depreciation, and reduction of disallowance to Rs. 2 lakhs. The appeal challenging the Tribunal's judgment was dismissed based on the assessee's financial position and investment activities. Case-Laws Income Tax Mon, 13 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366868