https://www.taxtmi.com/caselaws?id=376301 The court upheld the Income Tax Appellate Tribunal's decision allowing full depreciation on intangible assets, carry forward of unabsorbed business losses and depreciation, and interest expenses on Deep Discount Bonds and Optionally Fully Convertible Premium Notes. The taxability of income from OFCPNs of other companies was also deemed non-taxable based on Circular No. 2 of 2002. The court found the Tribunal's decisions legally justified and compliant with the Income Tax Act, 1961. en-us Tue, 19 Feb 2019 00:00:00 +0530 Thu, 07 Mar 2019 06:28:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376301 The court upheld the Income Tax Appellate Tribunal's decision allowing full depreciation on intangible assets, carry forward of unabsorbed business losses and depreciation, and interest expenses on Deep Discount Bonds and Optionally Fully Convertible Premium Notes. The taxability of income from OFCPNs of other companies was also deemed non-taxable based on Circular No. 2 of 2002. The court found the Tribunal's decisions legally justified and compliant with the Income Tax Act, 1961. Case-Laws Income Tax Tue, 19 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376301