https://www.taxtmi.com/caselaws?id=397205 The Tribunal upheld the CIT (A)'s decisions in favor of the assessee, resulting in the dismissal of the Department's appeals. The disallowance of the general license fee and depreciation on pollution control equipment and energy-saving devices were deleted. Depreciation on UPS was allowed at 60% for all years under appeal. The disallowance under Section 14A was restricted to amounts offered by the assessee suo moto. Overall, the Tribunal's order provided partial relief to the assessee and rejected all Department appeals. en-us Fri, 31 Jul 2020 00:00:00 +0530 Sat, 08 Aug 2020 13:55:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397205 The Tribunal upheld the CIT (A)'s decisions in favor of the assessee, resulting in the dismissal of the Department's appeals. The disallowance of the general license fee and depreciation on pollution control equipment and energy-saving devices were deleted. Depreciation on UPS was allowed at 60% for all years under appeal. The disallowance under Section 14A was restricted to amounts offered by the assessee suo moto. Overall, the Tribunal's order provided partial relief to the assessee and rejected all Department appeals. Case-Laws Income Tax Fri, 31 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397205