https://www.taxtmi.com/caselaws?id=375359 The Appellate Tribunal ITAT Ahmedabad allowed the assessee's appeal, overturning the disallowance of expenses claimed under section 37(1) and depreciation claimed under section 32 of the Income Tax Act. The Tribunal also held that the interest income earned on Fixed Deposit Receipts should not be treated as income from other sources, considering the temporary lull in business activities and subsequent revival. en-us Mon, 17 Dec 2018 00:00:00 +0530 Mon, 18 Feb 2019 06:37:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375359 The Appellate Tribunal ITAT Ahmedabad allowed the assessee's appeal, overturning the disallowance of expenses claimed under section 37(1) and depreciation claimed under section 32 of the Income Tax Act. The Tribunal also held that the interest income earned on Fixed Deposit Receipts should not be treated as income from other sources, considering the temporary lull in business activities and subsequent revival. Case-Laws Income Tax Mon, 17 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375359