https://www.taxtmi.com/caselaws?id=396320 The Tribunal partly allowed both appeals, granting the assessee another opportunity to substantiate certain claims and directing the deletion of disallowances related to depreciation on technical know-how. The disallowances for the assessment years 2011-12 and 2012-13 were upheld due to lack of evidence after a fire incident destroyed relevant documents. However, the Tribunal acknowledged the difficulties faced by the assessee and granted a chance to provide evidence for certain claims, restoring the issue back to the Assessing Officer for reconsideration. Additionally, the Tribunal directed the treatment of R & D expenses as capital, allowing depreciation on technical know-how and deleting the disallowances made by the AO. en-us Thu, 28 May 2020 00:00:00 +0530 Mon, 29 Jun 2020 14:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396320 The Tribunal partly allowed both appeals, granting the assessee another opportunity to substantiate certain claims and directing the deletion of disallowances related to depreciation on technical know-how. The disallowances for the assessment years 2011-12 and 2012-13 were upheld due to lack of evidence after a fire incident destroyed relevant documents. However, the Tribunal acknowledged the difficulties faced by the assessee and granted a chance to provide evidence for certain claims, restoring the issue back to the Assessing Officer for reconsideration. Additionally, the Tribunal directed the treatment of R & D expenses as capital, allowing depreciation on technical know-how and deleting the disallowances made by the AO. Case-Laws Income Tax Thu, 28 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396320