https://www.taxtmi.com/caselaws?id=415795 The Tribunal partially allowed the appeal, ruling in favor of the assessee on the disallowance of depreciation issue based on legal precedents and the CBDT Circular. The addition of interest income on FDR was upheld, and the Tribunal maintained the 6.5% net profit rate adopted by the Assessing Officer as final. en-us Wed, 08 Dec 2021 00:00:00 +0530 Tue, 14 Dec 2021 08:40:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415795 The Tribunal partially allowed the appeal, ruling in favor of the assessee on the disallowance of depreciation issue based on legal precedents and the CBDT Circular. The addition of interest income on FDR was upheld, and the Tribunal maintained the 6.5% net profit rate adopted by the Assessing Officer as final. Case-Laws Income Tax Wed, 08 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415795