https://www.taxtmi.com/caselaws?id=279123 The ITAT ruled in favor of the assessee in all issues presented. It held that bank guarantee commission is not subject to TDS deduction under section 40(a)(ia), allowed CSR expenses as revenue expenditure pre-1.4.2013, permitted provision for long service award on actuarial basis, and approved additional depreciation for electricity as movable property. The tribunal emphasized the legitimacy of the expenses and deductions, providing detailed reasoning and referencing legal precedents. en-us Fri, 27 Apr 2018 00:00:00 +0530 Wed, 14 Dec 2022 10:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279123 The ITAT ruled in favor of the assessee in all issues presented. It held that bank guarantee commission is not subject to TDS deduction under section 40(a)(ia), allowed CSR expenses as revenue expenditure pre-1.4.2013, permitted provision for long service award on actuarial basis, and approved additional depreciation for electricity as movable property. The tribunal emphasized the legitimacy of the expenses and deductions, providing detailed reasoning and referencing legal precedents. Case-Laws Income Tax Fri, 27 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279123