https://www.taxtmi.com/caselaws?id=279612 The High Court upheld the Income Tax Appellate Tribunal's decision to disallow depreciation claimed for asset reconstruction costs, stating no substantial question of law arose. The Court affirmed the extension of business due to the installation of cell-site towers and upheld the disallowance under Section 49(a)(ia) for discount offered as commission. The Court directed reconsideration of AMP expenses and royalty transactions, emphasizing the need for further inquiry and possible remand to determine the extent of international transactions. The case was admitted for consideration, with specific legal questions framed for each issue. en-us Fri, 01 Jun 2018 00:00:00 +0530 Thu, 28 Mar 2019 06:41:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279612 The High Court upheld the Income Tax Appellate Tribunal's decision to disallow depreciation claimed for asset reconstruction costs, stating no substantial question of law arose. The Court affirmed the extension of business due to the installation of cell-site towers and upheld the disallowance under Section 49(a)(ia) for discount offered as commission. The Court directed reconsideration of AMP expenses and royalty transactions, emphasizing the need for further inquiry and possible remand to determine the extent of international transactions. The case was admitted for consideration, with specific legal questions framed for each issue. Case-Laws Income Tax Fri, 01 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279612