https://www.taxtmi.com/caselaws?id=393476 The Tribunal upheld the CIT(A)'s decision allowing 60% depreciation on data processing equipment, disallowing expenses for non-deduction of TDS on interest payments, and disallowing housekeeping expenses provision. The Tribunal reversed the disallowance of bad debts, set aside the disallowance of depreciation on motor cars for fresh adjudication, and directed a reevaluation of the levy of interest under Sections 234B and 234C. The Tribunal dismissed the initiation of penalty proceedings under Section 271(1)(c), resulting in the dismissal of the Revenue's appeal and partial allowance of the assessee's cross-objection for further review on specific issues. en-us Tue, 28 Jan 2020 00:00:00 +0530 Wed, 18 Mar 2020 10:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393476 The Tribunal upheld the CIT(A)'s decision allowing 60% depreciation on data processing equipment, disallowing expenses for non-deduction of TDS on interest payments, and disallowing housekeeping expenses provision. The Tribunal reversed the disallowance of bad debts, set aside the disallowance of depreciation on motor cars for fresh adjudication, and directed a reevaluation of the levy of interest under Sections 234B and 234C. The Tribunal dismissed the initiation of penalty proceedings under Section 271(1)(c), resulting in the dismissal of the Revenue's appeal and partial allowance of the assessee's cross-objection for further review on specific issues. Case-Laws Income Tax Tue, 28 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393476