https://www.taxtmi.com/caselaws?id=384545 The Tax Case Appeal challenged the withdrawal of deduction under Section 32AB due to amalgamation with the parent company. The Court overturned the Tribunal's decision, emphasizing that amalgamation did not extinguish the assessee's rights in the transferred assets. Regarding machinery maintenance charges, the Court found the Assessing Officer's disallowance justified due to lack of proof. The Court upheld the Tribunal's decision on expenditure eligibility criteria. Disallowance/addition for payments to the parent company was upheld, emphasizing the factual nature of the issue. The appeal was partly allowed, with questions 1 and 2 answered in favor of the assessee, question 3 against, and question 4 rejected. en-us Wed, 10 Jul 2019 00:00:00 +0530 Wed, 14 Aug 2019 16:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384545 The Tax Case Appeal challenged the withdrawal of deduction under Section 32AB due to amalgamation with the parent company. The Court overturned the Tribunal's decision, emphasizing that amalgamation did not extinguish the assessee's rights in the transferred assets. Regarding machinery maintenance charges, the Court found the Assessing Officer's disallowance justified due to lack of proof. The Court upheld the Tribunal's decision on expenditure eligibility criteria. Disallowance/addition for payments to the parent company was upheld, emphasizing the factual nature of the issue. The appeal was partly allowed, with questions 1 and 2 answered in favor of the assessee, question 3 against, and question 4 rejected. Case-Laws Income Tax Wed, 10 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384545