https://www.taxtmi.com/caselaws?id=375266 The Tribunal dismissed the department's appeal, upholding the decisions of the ld. CIT(A) on both issues. The addition on account of interest-free loans to sister concerns was deleted based on a previous judgment in favor of the assessee by the High Court. Additionally, depreciation was allowed without a revised return as the claim was not new and was supported by the tax audit report. The Tribunal affirmed that the decisions of the ld. CIT(A) were justified, resulting in the dismissal of the department's appeal. en-us Thu, 17 Jan 2019 00:00:00 +0530 Sat, 16 Feb 2019 06:31:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375266 The Tribunal dismissed the department's appeal, upholding the decisions of the ld. CIT(A) on both issues. The addition on account of interest-free loans to sister concerns was deleted based on a previous judgment in favor of the assessee by the High Court. Additionally, depreciation was allowed without a revised return as the claim was not new and was supported by the tax audit report. The Tribunal affirmed that the decisions of the ld. CIT(A) were justified, resulting in the dismissal of the department's appeal. Case-Laws Income Tax Thu, 17 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375266