https://www.taxtmi.com/caselaws?id=284720 The assessee's appeal regarding depreciation computation was allowed as the Tribunal found the Assessing Officer's decision to force depreciation incorrect. The Department's appeal on Up Stream Rolling Mills (USRM) trial run expenditure, lease rental payment, debit balance written-off, and professional fee for loan restructuring was dismissed. The appeals on product development expenses and watch and ward expenditure were remanded for fresh examination and verification, respectively. The order was pronounced on 29.06.2016. en-us Fri, 29 Apr 2016 00:00:00 +0530 Sat, 07 Dec 2019 10:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284720 The assessee's appeal regarding depreciation computation was allowed as the Tribunal found the Assessing Officer's decision to force depreciation incorrect. The Department's appeal on Up Stream Rolling Mills (USRM) trial run expenditure, lease rental payment, debit balance written-off, and professional fee for loan restructuring was dismissed. The appeals on product development expenses and watch and ward expenditure were remanded for fresh examination and verification, respectively. The order was pronounced on 29.06.2016. Case-Laws Income Tax Fri, 29 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284720