https://www.taxtmi.com/caselaws?id=287798 The Tribunal adjudicated multiple disallowance issues raised by the assessee, providing relief in some instances while upholding the AO's decisions in others. It allowed additional depreciation under Section 32(1)(iia) for assets acquired post-31.03.2005, directed verification and allowance of TDS credit, and remitted certain issues for reconsideration. However, it upheld disallowances on additional depreciation for 100% deductible assets, leased windmills, and higher depreciation on UPS, among others. The Tribunal emphasized adherence to legislative provisions and judicial precedents, ensuring tax assessments align with statutory requirements. en-us Tue, 16 Feb 2016 00:00:00 +0530 Thu, 14 Nov 2024 12:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287798 The Tribunal adjudicated multiple disallowance issues raised by the assessee, providing relief in some instances while upholding the AO's decisions in others. It allowed additional depreciation under Section 32(1)(iia) for assets acquired post-31.03.2005, directed verification and allowance of TDS credit, and remitted certain issues for reconsideration. However, it upheld disallowances on additional depreciation for 100% deductible assets, leased windmills, and higher depreciation on UPS, among others. The Tribunal emphasized adherence to legislative provisions and judicial precedents, ensuring tax assessments align with statutory requirements. Case-Laws Income Tax Tue, 16 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287798