https://www.taxtmi.com/caselaws?id=293583 The appeal filed by the revenue was dismissed in its entirety, with the Tribunal upholding the CIT(A)'s order on all grounds. The Tribunal confirmed the assessee's claims for depreciation on assets taken over on amalgamation, disallowance of expenditure on the closure of Thane Factory, depreciation rate on certain assets, disallowance of professional fees paid to M/s. Brown & Wood, payment in foreign exchange for professional services, and amount transferred to Debenture Redemption Reserve. The Tribunal's decision aligned with previous rulings in the assessee's case and relevant High Court judgments. en-us Wed, 16 Sep 2020 00:00:00 +0530 Thu, 18 Feb 2021 20:02:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293583 The appeal filed by the revenue was dismissed in its entirety, with the Tribunal upholding the CIT(A)'s order on all grounds. The Tribunal confirmed the assessee's claims for depreciation on assets taken over on amalgamation, disallowance of expenditure on the closure of Thane Factory, depreciation rate on certain assets, disallowance of professional fees paid to M/s. Brown & Wood, payment in foreign exchange for professional services, and amount transferred to Debenture Redemption Reserve. The Tribunal's decision aligned with previous rulings in the assessee's case and relevant High Court judgments. Case-Laws Income Tax Wed, 16 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293583