https://www.taxtmi.com/caselaws?id=385832 The Tribunal reversed the First Appellate Authority's decision and restored the disallowance of 30% under section 40(a)(ia) of the Income Tax Act, 1961, in a case involving a trading company. The claim of depreciation was accepted by the Authority, but this issue was not further addressed. The Tribunal partially allowed the revenue's appeal, dismissing the assessee's cross-objection. The decision was rendered in Kolkata on January 16, 2019, by Sri J. Sudhakar Reddy and Sri Aby T. Varkey. en-us Wed, 16 Jan 2019 00:00:00 +0530 Fri, 13 Sep 2019 08:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385832 The Tribunal reversed the First Appellate Authority's decision and restored the disallowance of 30% under section 40(a)(ia) of the Income Tax Act, 1961, in a case involving a trading company. The claim of depreciation was accepted by the Authority, but this issue was not further addressed. The Tribunal partially allowed the revenue's appeal, dismissing the assessee's cross-objection. The decision was rendered in Kolkata on January 16, 2019, by Sri J. Sudhakar Reddy and Sri Aby T. Varkey. Case-Laws Income Tax Wed, 16 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385832