https://www.taxtmi.com/caselaws?id=375078 The appeal filed by the revenue was dismissed. The Tribunal upheld the CIT(A)'s decisions on both issues: the deletion of disallowance of Consumer Security Deposit and Service Line deposits and the deletion of addition on account of legal claims. The Tribunal found that the service line charges were capital receipts and should be reduced from the relevant cost of plant and machinery. Additionally, the Tribunal noted that payments made in lieu of civil claims or arbitration were compensatory in nature and allowable under section 37 of the Act. en-us Fri, 08 Feb 2019 00:00:00 +0530 Thu, 14 Feb 2019 06:20:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375078 The appeal filed by the revenue was dismissed. The Tribunal upheld the CIT(A)'s decisions on both issues: the deletion of disallowance of Consumer Security Deposit and Service Line deposits and the deletion of addition on account of legal claims. The Tribunal found that the service line charges were capital receipts and should be reduced from the relevant cost of plant and machinery. Additionally, the Tribunal noted that payments made in lieu of civil claims or arbitration were compensatory in nature and allowable under section 37 of the Act. Case-Laws Income Tax Fri, 08 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375078