https://www.taxtmi.com/caselaws?id=395557 The Tribunal upheld the CIT(A)'s decision in the case involving M/s. Central Warehousing Corporation for assessment year 2012-13. The Tribunal ruled in favor of the assessee on the treatment of Dunnage expenditure and depreciation on license/registration fee paid to Indian Railways. The appeal by the Revenue challenging the CIT(A) order was dismissed, along with the cross-objections filed by the assessee. The Tribunal found that the expenses were appropriately treated as revenue expenditure and the depreciation claim was valid under section 32(1)(ii) of the Income-tax Act. en-us Wed, 12 Feb 2020 00:00:00 +0530 Thu, 28 May 2020 11:23:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395557 The Tribunal upheld the CIT(A)'s decision in the case involving M/s. Central Warehousing Corporation for assessment year 2012-13. The Tribunal ruled in favor of the assessee on the treatment of Dunnage expenditure and depreciation on license/registration fee paid to Indian Railways. The appeal by the Revenue challenging the CIT(A) order was dismissed, along with the cross-objections filed by the assessee. The Tribunal found that the expenses were appropriately treated as revenue expenditure and the depreciation claim was valid under section 32(1)(ii) of the Income-tax Act. Case-Laws Income Tax Wed, 12 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395557