https://www.taxtmi.com/caselaws?id=375433 The ITAT upheld the CIT(A)'s decisions on all issues, dismissing the Revenue's appeal in its entirety. The disallowance of additional and normal depreciation was rejected due to unreasonable denial by the AO. The interest on unsecured loans was deemed reasonable, and payments under Section 40A(3) were found to be within limits. The Tribunal affirmed the CIT(A)'s reasoning and concluded in favor of the assessee on all grounds. en-us Mon, 07 Jan 2019 00:00:00 +0530 Tue, 19 Feb 2019 07:36:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375433 The ITAT upheld the CIT(A)'s decisions on all issues, dismissing the Revenue's appeal in its entirety. The disallowance of additional and normal depreciation was rejected due to unreasonable denial by the AO. The interest on unsecured loans was deemed reasonable, and payments under Section 40A(3) were found to be within limits. The Tribunal affirmed the CIT(A)'s reasoning and concluded in favor of the assessee on all grounds. Case-Laws Income Tax Mon, 07 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375433