https://www.taxtmi.com/caselaws?id=282965 The appeal was partly allowed. The Tribunal upheld the higher depreciation rate of 30% for trucks and trailers used in transportation services, citing relevant case laws. It also allowed the claim for office repair expenses as revenue expenditure. However, the disallowance of service tax liability under section 43B was deleted, following precedents that service tax liability arises only upon receipt of payment. The issue of insurance premium paid on key persons' life was dismissed as unpressed during the hearing. en-us Fri, 31 May 2019 00:00:00 +0530 Mon, 02 Sep 2019 08:17:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282965 The appeal was partly allowed. The Tribunal upheld the higher depreciation rate of 30% for trucks and trailers used in transportation services, citing relevant case laws. It also allowed the claim for office repair expenses as revenue expenditure. However, the disallowance of service tax liability under section 43B was deleted, following precedents that service tax liability arises only upon receipt of payment. The issue of insurance premium paid on key persons' life was dismissed as unpressed during the hearing. Case-Laws Income Tax Fri, 31 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282965