https://www.taxtmi.com/caselaws?id=288308 The appeal was partly allowed regarding the disallowance of Corporate Social Responsibility expenses and the rate of depreciation on Terminal Rights. The disallowance of CSR expenses was upheld due to lack of proof of business connection. However, the disallowance of depreciation on Terminal Rights was deleted, allowing the assessee's appeal. The issue of adding provision for slow-moving/obsolete stock to book profit under Section 115JB was remanded back to the AO for further assessment. en-us Fri, 16 Mar 2018 00:00:00 +0530 Sun, 31 May 2020 04:22:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288308 The appeal was partly allowed regarding the disallowance of Corporate Social Responsibility expenses and the rate of depreciation on Terminal Rights. The disallowance of CSR expenses was upheld due to lack of proof of business connection. However, the disallowance of depreciation on Terminal Rights was deleted, allowing the assessee's appeal. The issue of adding provision for slow-moving/obsolete stock to book profit under Section 115JB was remanded back to the AO for further assessment. Case-Laws Income Tax Fri, 16 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288308