https://www.taxtmi.com/caselaws?id=389744 Tribunal examined challenges to assorted disallowances and remitted or applied precedents as appropriate: it held payments to a director appointed on the last day must be reassessed for authorisation and reasonableness and remitted to the Assessing Officer; aircraft running expenses and depreciation disallowance reduced to 15% based on prior coordinate bench precedent; application of expenditure attribution principles under Rule 8D was upheld on facts for the assessee but restored to the Assessing Officer for recomputation on Revenue s challenge; late delivery fees and other contested additions were remitted where fresh inquiry was required, while higher depreciation on UPS items, deletion of director commission, capital characterization of state subsidy and allowance of warranty provision were upheld. en-us Thu, 21 Nov 2019 00:00:00 +0530 Mon, 16 Dec 2019 09:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389744 Tribunal examined challenges to assorted disallowances and remitted or applied precedents as appropriate: it held payments to a director appointed on the last day must be reassessed for authorisation and reasonableness and remitted to the Assessing Officer; aircraft running expenses and depreciation disallowance reduced to 15% based on prior coordinate bench precedent; application of expenditure attribution principles under Rule 8D was upheld on facts for the assessee but restored to the Assessing Officer for recomputation on Revenue s challenge; late delivery fees and other contested additions were remitted where fresh inquiry was required, while higher depreciation on UPS items, deletion of director commission, capital characterization of state subsidy and allowance of warranty provision were upheld. Case-Laws Income Tax Thu, 21 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389744