https://www.taxtmi.com/caselaws?id=275644 The court upheld the Tribunal's decisions on various tax issues, including allowing depreciation on public roads as buildings, higher depreciation on EDP equipment, disallowance under Section 43B(f) for leave encashment, deletion of disallowance under Section 14A, capitalization of pre-incorporation expenditure, capitalization of tree cutting and debris removal expenses, and deletion of penalty under Section 271(1)(c). The court dismissed all departmental appeals, emphasizing the importance of evidence, legislative intent, and judicial precedents in tax matters. en-us Tue, 10 Oct 2017 00:00:00 +0530 Thu, 11 Oct 2018 06:22:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275644 The court upheld the Tribunal's decisions on various tax issues, including allowing depreciation on public roads as buildings, higher depreciation on EDP equipment, disallowance under Section 43B(f) for leave encashment, deletion of disallowance under Section 14A, capitalization of pre-incorporation expenditure, capitalization of tree cutting and debris removal expenses, and deletion of penalty under Section 271(1)(c). The court dismissed all departmental appeals, emphasizing the importance of evidence, legislative intent, and judicial precedents in tax matters. Case-Laws Income Tax Tue, 10 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275644