https://www.taxtmi.com/caselaws?id=371748 The Tribunal upheld the CIT(A)'s decision to allow the remaining 50% of additional depreciation under Section 32(i)(iia) for assets used for less than 180 days in the financial year 2009-10, citing High Court precedents. The Tribunal also upheld the deletion of disallowance of lease rental expenditure, following consistency in allowing similar claims. Regarding disallowance under Section 14A, the Tribunal partly allowed the assessee's cross objection. The issue of disallowance of unpaid leave encashment was remanded pending a Supreme Court decision, and the Tribunal allowed the carry forward of long-term capital loss. The Revenue's appeal was dismissed, while the Assessee's Cross Objection was partly allowed for statistical purposes. en-us Wed, 05 Dec 2018 00:00:00 +0530 Mon, 10 Dec 2018 09:41:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371748 The Tribunal upheld the CIT(A)'s decision to allow the remaining 50% of additional depreciation under Section 32(i)(iia) for assets used for less than 180 days in the financial year 2009-10, citing High Court precedents. The Tribunal also upheld the deletion of disallowance of lease rental expenditure, following consistency in allowing similar claims. Regarding disallowance under Section 14A, the Tribunal partly allowed the assessee's cross objection. The issue of disallowance of unpaid leave encashment was remanded pending a Supreme Court decision, and the Tribunal allowed the carry forward of long-term capital loss. The Revenue's appeal was dismissed, while the Assessee's Cross Objection was partly allowed for statistical purposes. Case-Laws Income Tax Wed, 05 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371748