https://www.taxtmi.com/caselaws?id=391976 The Tribunal ruled in favor of the assessee, quashing the rectification order under Section 154 and allowing additional depreciation on new machinery. Disallowances related to interest on delayed TDS and non-deduction of TDS on interest payments were deleted. The matter of trading addition was remitted to the AO for further examination against past profit rates. The appeal on interest charges under Sections 234A, 234B, and 234C became irrelevant following the favorable decision on the rectification order. en-us Thu, 23 Jan 2020 00:00:00 +0530 Tue, 11 Feb 2020 07:59:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391976 The Tribunal ruled in favor of the assessee, quashing the rectification order under Section 154 and allowing additional depreciation on new machinery. Disallowances related to interest on delayed TDS and non-deduction of TDS on interest payments were deleted. The matter of trading addition was remitted to the AO for further examination against past profit rates. The appeal on interest charges under Sections 234A, 234B, and 234C became irrelevant following the favorable decision on the rectification order. Case-Laws Income Tax Thu, 23 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391976