https://www.taxtmi.com/caselaws?id=379620 The Court ruled in favor of the assessee on all three issues: 1) Applicability of Section 40A(9) regarding payments to Employees' Welfare Trust, 2) Disallowance of depreciation on enhanced cost of equipment under Section 43A, and 3) Disallowance of interest-free advance to a subsidiary company. The Court found that the Revenue's challenges lacked merit, no substantial question of law was involved, and dismissed the appeal as the Revenue failed to establish any grounds under Section 260A of the Income Tax Act. en-us Wed, 13 Mar 2019 00:00:00 +0530 Sat, 04 May 2019 15:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379620 The Court ruled in favor of the assessee on all three issues: 1) Applicability of Section 40A(9) regarding payments to Employees' Welfare Trust, 2) Disallowance of depreciation on enhanced cost of equipment under Section 43A, and 3) Disallowance of interest-free advance to a subsidiary company. The Court found that the Revenue's challenges lacked merit, no substantial question of law was involved, and dismissed the appeal as the Revenue failed to establish any grounds under Section 260A of the Income Tax Act. Case-Laws Income Tax Wed, 13 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379620