https://www.taxtmi.com/caselaws?id=378841 The Tribunal upheld the CIT(A)'s decisions to delete various disallowances and additions made by the AO. The Tribunal ruled in favor of the assessee, stating that the incentive received was capital in nature, disallowances on repairs and maintenance expenses lacked sufficient reasons, the production of blended LPG qualified as manufacturing for additional depreciation, the repair and maintenance provision was genuine, and rent payments did not require tax deduction at source. The Tribunal dismissed the Revenue's appeal based on thorough analysis of facts and legal precedents. en-us Fri, 15 Mar 2019 00:00:00 +0530 Mon, 22 Apr 2019 17:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378841 The Tribunal upheld the CIT(A)'s decisions to delete various disallowances and additions made by the AO. The Tribunal ruled in favor of the assessee, stating that the incentive received was capital in nature, disallowances on repairs and maintenance expenses lacked sufficient reasons, the production of blended LPG qualified as manufacturing for additional depreciation, the repair and maintenance provision was genuine, and rent payments did not require tax deduction at source. The Tribunal dismissed the Revenue's appeal based on thorough analysis of facts and legal precedents. Case-Laws Income Tax Fri, 15 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378841