https://www.taxtmi.com/caselaws?id=369141 The ITAT allowed the Assessee's appeal, deleting the disallowances of business expenses and depreciation for Assessment Year 2012-13. This decision was based on the failure of the Revenue to distinguish the current case from previous years where the Assessee's claims were accepted. By following the precedent set in the Assessee's own case for Assessment Years 2001-02 & 2002-03, ITAT overturned the disallowances totaling Rs. 22,47,363 for business expenses and Rs. 9,68,237 for depreciation. en-us Tue, 09 Oct 2018 00:00:00 +0530 Sat, 20 Oct 2018 13:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369141 The ITAT allowed the Assessee's appeal, deleting the disallowances of business expenses and depreciation for Assessment Year 2012-13. This decision was based on the failure of the Revenue to distinguish the current case from previous years where the Assessee's claims were accepted. By following the precedent set in the Assessee's own case for Assessment Years 2001-02 & 2002-03, ITAT overturned the disallowances totaling Rs. 22,47,363 for business expenses and Rs. 9,68,237 for depreciation. Case-Laws Income Tax Tue, 09 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369141