https://www.taxtmi.com/caselaws?id=385952 The Tribunal dismissed the Revenue's appeal, upholding the Ld. CIT-A's decisions on all three issues. It supported the depreciation claim on intangibles based on a qualified valuation report, confirmed the non-taxability of the land transfer under section 47(xiii), and deemed the payments to sister concerns reasonable due to market rate comparisons. The Tribunal emphasized compliance with section 47(xiii) provisions, the validity of the valuation report for intangibles, and the lack of evidence for excessive payments to sister concerns. en-us Tue, 30 Jul 2019 00:00:00 +0530 Wed, 18 Sep 2019 11:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385952 The Tribunal dismissed the Revenue's appeal, upholding the Ld. CIT-A's decisions on all three issues. It supported the depreciation claim on intangibles based on a qualified valuation report, confirmed the non-taxability of the land transfer under section 47(xiii), and deemed the payments to sister concerns reasonable due to market rate comparisons. The Tribunal emphasized compliance with section 47(xiii) provisions, the validity of the valuation report for intangibles, and the lack of evidence for excessive payments to sister concerns. Case-Laws Income Tax Tue, 30 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385952