https://www.taxtmi.com/caselaws?id=401375 The Appellate Tribunal ITAT BANGALORE upheld the CIT(A)'s decision to allow depreciation at 60% on office equipment, rejecting the Revenue's challenge. The Tribunal dismissed the Revenue's appeal on the disallowance under Section 14A, emphasizing that rectification under Section 154 is not applicable to debatable issues. Additionally, the Tribunal affirmed the CIT(A)'s decision on the compensatory nature of interest on belated TDS payments, dismissing both parties' appeals. en-us Thu, 03 Dec 2020 00:00:00 +0530 Sat, 05 Dec 2020 17:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401375 The Appellate Tribunal ITAT BANGALORE upheld the CIT(A)'s decision to allow depreciation at 60% on office equipment, rejecting the Revenue's challenge. The Tribunal dismissed the Revenue's appeal on the disallowance under Section 14A, emphasizing that rectification under Section 154 is not applicable to debatable issues. Additionally, the Tribunal affirmed the CIT(A)'s decision on the compensatory nature of interest on belated TDS payments, dismissing both parties' appeals. Case-Laws Income Tax Thu, 03 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401375