https://www.taxtmi.com/caselaws?id=285465 The Tribunal allowed the assessee's claim for depreciation on residential properties and directed verification of standard deduction under Section 24(a). Disallowance of amortization of premium paid on leasehold land was upheld as capital in nature. The issue of disallowance under Section 14A was restored for recomputation. Various other disallowances were either upheld or restored for fresh adjudication by the Assessing Officer. The Tribunal's judgment provided clear directions for re-computation and verification in line with relevant judicial precedents, partially allowing the appeals. en-us Thu, 28 Nov 2019 00:00:00 +0530 Mon, 13 Jan 2020 19:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285465 The Tribunal allowed the assessee's claim for depreciation on residential properties and directed verification of standard deduction under Section 24(a). Disallowance of amortization of premium paid on leasehold land was upheld as capital in nature. The issue of disallowance under Section 14A was restored for recomputation. Various other disallowances were either upheld or restored for fresh adjudication by the Assessing Officer. The Tribunal's judgment provided clear directions for re-computation and verification in line with relevant judicial precedents, partially allowing the appeals. Case-Laws Income Tax Thu, 28 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285465