https://www.taxtmi.com/caselaws?id=403081 The Tribunal partly allowed the assessee's appeals and dismissed the Revenue's appeal. The decisions were based on judicial precedents and specific facts, ensuring compliance with relevant provisions of the Income Tax Act. Key outcomes included the allowance of business loss deduction for non-recoverable security deposits and the acceptance that non-deduction of TDS on provisional expenses was justified due to unidentifiable payees. The Tribunal also confirmed the higher depreciation rate for data processing equipment. en-us Mon, 04 Jan 2021 00:00:00 +0530 Tue, 19 Jan 2021 10:36:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403081 The Tribunal partly allowed the assessee's appeals and dismissed the Revenue's appeal. The decisions were based on judicial precedents and specific facts, ensuring compliance with relevant provisions of the Income Tax Act. Key outcomes included the allowance of business loss deduction for non-recoverable security deposits and the acceptance that non-deduction of TDS on provisional expenses was justified due to unidentifiable payees. The Tribunal also confirmed the higher depreciation rate for data processing equipment. Case-Laws Income Tax Mon, 04 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403081