https://www.taxtmi.com/caselaws?id=282172 The tribunal upheld the CIT(A)'s decision to allow the deduction of Rs. 2,40,18,801/- as revenue expenses and the claim of depreciation of Rs. 1,11,38,327. The tribunal found that the assessee had set up its business during the assessment year 2012-13, and the expenses and depreciation were deemed allowable under the Income Tax Act. en-us Fri, 30 Nov 2018 00:00:00 +0530 Wed, 24 Jul 2019 20:56:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282172 The tribunal upheld the CIT(A)'s decision to allow the deduction of Rs. 2,40,18,801/- as revenue expenses and the claim of depreciation of Rs. 1,11,38,327. The tribunal found that the assessee had set up its business during the assessment year 2012-13, and the expenses and depreciation were deemed allowable under the Income Tax Act. Case-Laws Income Tax Fri, 30 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282172