https://www.taxtmi.com/caselaws?id=281965 The Revenue's appeals in various assessment years were mostly dismissed by the Tribunal, except for certain partial allowances. The treatment of capital expenditure as revenue expenditure, exclusion of carbon credit income written off, disallowance of CSR expenditure, disallowance of depreciation on leased assets, loss on sale of fertilizer bonds, and additional depreciation on a captive power plant were upheld in favor of the assessee. However, the disallowance under Section 40(a)(ia) for non-deduction of TDS was deleted, and the treatment of insurance claims on accrual vs. cash basis was justified. en-us Thu, 27 Sep 2018 00:00:00 +0530 Mon, 15 Jul 2019 11:06:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281965 The Revenue's appeals in various assessment years were mostly dismissed by the Tribunal, except for certain partial allowances. The treatment of capital expenditure as revenue expenditure, exclusion of carbon credit income written off, disallowance of CSR expenditure, disallowance of depreciation on leased assets, loss on sale of fertilizer bonds, and additional depreciation on a captive power plant were upheld in favor of the assessee. However, the disallowance under Section 40(a)(ia) for non-deduction of TDS was deleted, and the treatment of insurance claims on accrual vs. cash basis was justified. Case-Laws Income Tax Thu, 27 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281965