https://www.taxtmi.com/caselaws?id=396927 The Appellate Tribunal addressed issues concerning the treatment of interest income on FDRs, allowance of depreciation, and the net profit rate for the assessment year 2014-15. The Tribunal admitted additional evidence for the interest income matter, directed a detailed examination by the CIT(A), instructed the computation of taxable income considering depreciation, and adjusted the net profit rate for the relevant assessment year. The appeals were partly allowed for statistical purposes, with the Tribunal providing detailed reasoning and instructions for further proceedings. en-us Wed, 08 Jul 2020 00:00:00 +0530 Sat, 25 Jul 2020 09:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396927 The Appellate Tribunal addressed issues concerning the treatment of interest income on FDRs, allowance of depreciation, and the net profit rate for the assessment year 2014-15. The Tribunal admitted additional evidence for the interest income matter, directed a detailed examination by the CIT(A), instructed the computation of taxable income considering depreciation, and adjusted the net profit rate for the relevant assessment year. The appeals were partly allowed for statistical purposes, with the Tribunal providing detailed reasoning and instructions for further proceedings. Case-Laws Income Tax Wed, 08 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396927