https://www.taxtmi.com/caselaws?id=400311 The Tribunal annulled the reassessment for the year 2005-06 as it was based on a mere change of opinion without new material. The Tribunal upheld the treatment of design and development expenses as capital expenditure but directed depreciation. R&D expenses disallowance was partially upheld, allowing depreciation on the capitalized amount. The provision for warranty was dismissed. Sales commission disallowance was upheld due to lack of evidence. Interest disallowance was upheld as capital but allowed consequential depreciation. Disallowance of reimbursement of expenses was upheld due to failure to withhold tax. The Tribunal granted relief in favor of the assessee on the reopening of assessment and provided partial relief on other issues. en-us Mon, 28 Sep 2020 00:00:00 +0530 Tue, 03 Nov 2020 12:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400311 The Tribunal annulled the reassessment for the year 2005-06 as it was based on a mere change of opinion without new material. The Tribunal upheld the treatment of design and development expenses as capital expenditure but directed depreciation. R&D expenses disallowance was partially upheld, allowing depreciation on the capitalized amount. The provision for warranty was dismissed. Sales commission disallowance was upheld due to lack of evidence. Interest disallowance was upheld as capital but allowed consequential depreciation. Disallowance of reimbursement of expenses was upheld due to failure to withhold tax. The Tribunal granted relief in favor of the assessee on the reopening of assessment and provided partial relief on other issues. Case-Laws Income Tax Mon, 28 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400311