https://www.taxtmi.com/caselaws?id=375830 The High Court considered the eligibility of distribution network, material supply contract, and brand use for depreciation under Section 32(1)(ii) of the Income Tax Act. The Court directed communication of the order to the Tribunal for further proceedings. Regarding disallowance under Section 14A, the Court upheld the Tribunal's decision that no disallowance could be made as no exempt income was earned. The Court dismissed the appeal, stating no substantial question of law arises, and did not entertain the additional question raised by the Revenue, aligning with a Supreme Court precedent. en-us Wed, 30 Jan 2019 00:00:00 +0530 Wed, 27 Feb 2019 06:50:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375830 The High Court considered the eligibility of distribution network, material supply contract, and brand use for depreciation under Section 32(1)(ii) of the Income Tax Act. The Court directed communication of the order to the Tribunal for further proceedings. Regarding disallowance under Section 14A, the Court upheld the Tribunal's decision that no disallowance could be made as no exempt income was earned. The Court dismissed the appeal, stating no substantial question of law arises, and did not entertain the additional question raised by the Revenue, aligning with a Supreme Court precedent. Case-Laws Income Tax Wed, 30 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375830