https://www.taxtmi.com/caselaws?id=379128 The Tribunal allowed the assessee's appeal regarding the disallowance of depreciation on astrological fees, rental charges, housekeeping charges, and alleged bogus capitalization. The Tribunal directed the Assessing Officer to allow the claimed depreciation on astrological fees and upheld the genuineness of payments made to Mr. Anand Nair. The Tribunal remanded the issues of rental and housekeeping charges for re-examination. The disallowance under Section 14A was deleted as there was no exempt income earned and investments were made from owned funds. The department's appeal was dismissed, and the Tribunal partly allowed the appeals for AY 2010-11 and 2011-12 for statistical purposes. en-us Fri, 15 Feb 2019 00:00:00 +0530 Sat, 27 Apr 2019 12:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379128 The Tribunal allowed the assessee's appeal regarding the disallowance of depreciation on astrological fees, rental charges, housekeeping charges, and alleged bogus capitalization. The Tribunal directed the Assessing Officer to allow the claimed depreciation on astrological fees and upheld the genuineness of payments made to Mr. Anand Nair. The Tribunal remanded the issues of rental and housekeeping charges for re-examination. The disallowance under Section 14A was deleted as there was no exempt income earned and investments were made from owned funds. The department's appeal was dismissed, and the Tribunal partly allowed the appeals for AY 2010-11 and 2011-12 for statistical purposes. Case-Laws Income Tax Fri, 15 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379128