https://www.taxtmi.com/caselaws?id=400648 The ITAT upheld the CIT(A)'s decisions in favor of the assessee on all issues raised by the Revenue. The payments of rate difference were not considered as distribution of profits, deemed to be out of commercial expediency, and the deletion of addition for depreciation on fixed assets was supported. The ITAT emphasized the consistency with previous decisions and legal principles, leading to the dismissal of the Revenue's appeal. en-us Mon, 31 Aug 2020 00:00:00 +0530 Thu, 12 Nov 2020 12:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400648 The ITAT upheld the CIT(A)'s decisions in favor of the assessee on all issues raised by the Revenue. The payments of rate difference were not considered as distribution of profits, deemed to be out of commercial expediency, and the deletion of addition for depreciation on fixed assets was supported. The ITAT emphasized the consistency with previous decisions and legal principles, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Mon, 31 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400648