https://www.taxtmi.com/caselaws?id=394941 The Tribunal ruled in favor of the assessee on various issues, allowing deductions under Section 80-IB for wireline logging activities, granting higher depreciation on specific equipment, and reducing disallowances under Section 14A. Additionally, the Tribunal upheld that service tax should not be treated as trading receipts and quashed orders under Section 263. The Tribunal also permitted additional grounds for deduction under Section 80-IB for a specific unit and condoned delays in filing appeals for certain assessment years, emphasizing the importance of a fair tax assessment and adherence to legal precedents. en-us Mon, 24 Feb 2020 00:00:00 +0530 Thu, 30 Apr 2020 12:22:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394941 The Tribunal ruled in favor of the assessee on various issues, allowing deductions under Section 80-IB for wireline logging activities, granting higher depreciation on specific equipment, and reducing disallowances under Section 14A. Additionally, the Tribunal upheld that service tax should not be treated as trading receipts and quashed orders under Section 263. The Tribunal also permitted additional grounds for deduction under Section 80-IB for a specific unit and condoned delays in filing appeals for certain assessment years, emphasizing the importance of a fair tax assessment and adherence to legal precedents. Case-Laws Income Tax Mon, 24 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394941