https://www.taxtmi.com/caselaws?id=368088 The Tribunal dismissed the Revenue's appeal due to low tax effect as per CBDT Circular No. 3 of 2018. Disallowance of certain expenses was upheld, with the Tribunal emphasizing consistency and legality in deductions. Regarding depreciation rates, the Tribunal agreed with the CIT(A)'s decisions on life-saving equipment and electrical installations, supporting lower rates based on statutory provisions. Overall, the Tribunal upheld the CIT(A)'s decisions on disallowances and depreciation rates, emphasizing adherence to tax laws and past precedents. en-us Thu, 27 Sep 2018 00:00:00 +0530 Mon, 01 Oct 2018 09:14:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368088 The Tribunal dismissed the Revenue's appeal due to low tax effect as per CBDT Circular No. 3 of 2018. Disallowance of certain expenses was upheld, with the Tribunal emphasizing consistency and legality in deductions. Regarding depreciation rates, the Tribunal agreed with the CIT(A)'s decisions on life-saving equipment and electrical installations, supporting lower rates based on statutory provisions. Overall, the Tribunal upheld the CIT(A)'s decisions on disallowances and depreciation rates, emphasizing adherence to tax laws and past precedents. Case-Laws Income Tax Thu, 27 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368088