https://www.taxtmi.com/caselaws?id=413221 The Tribunal set aside the CIT's order, allowing the Assessee's appeal on three issues. The Tribunal held that the AO's decisions on deducting Corporate Social Responsibility (CSR) expenses, claiming 50% depreciation on a windmill, and seeking additional depreciation on power generation were based on applicable laws and evidence, making the CIT's assumptions unsustainable. The Tribunal emphasized that the CIT's conclusions were contrary to facts and judicial precedents, ultimately ruling in favor of the Assessee. en-us Tue, 28 Sep 2021 00:00:00 +0530 Thu, 07 Oct 2021 09:15:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413221 The Tribunal set aside the CIT's order, allowing the Assessee's appeal on three issues. The Tribunal held that the AO's decisions on deducting Corporate Social Responsibility (CSR) expenses, claiming 50% depreciation on a windmill, and seeking additional depreciation on power generation were based on applicable laws and evidence, making the CIT's assumptions unsustainable. The Tribunal emphasized that the CIT's conclusions were contrary to facts and judicial precedents, ultimately ruling in favor of the Assessee. Case-Laws Income Tax Tue, 28 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413221