https://www.taxtmi.com/caselaws?id=417735 The Tribunal allowed the appeal partly, directing the Assessing Officer to allow the claim of depreciation on the purchase of fixed assets, deleting the adjustment related to the international transaction for the purchase of medical equipment. The Tribunal also directed a fresh adjudication on the adjustment towards interest on outstanding receivables, considering factors like the delay in realization and the possibility of setting off outstanding payables. Additionally, the Tribunal deleted the adjustment for mark-up on the recovery of expenses from the associated enterprise and directed the grant of set-off of brought forward unabsorbed depreciation after resolving issues from preceding years. en-us Thu, 20 Jan 2022 00:00:00 +0530 Mon, 31 Jan 2022 07:19:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417735 The Tribunal allowed the appeal partly, directing the Assessing Officer to allow the claim of depreciation on the purchase of fixed assets, deleting the adjustment related to the international transaction for the purchase of medical equipment. The Tribunal also directed a fresh adjudication on the adjustment towards interest on outstanding receivables, considering factors like the delay in realization and the possibility of setting off outstanding payables. Additionally, the Tribunal deleted the adjustment for mark-up on the recovery of expenses from the associated enterprise and directed the grant of set-off of brought forward unabsorbed depreciation after resolving issues from preceding years. Case-Laws Income Tax Thu, 20 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417735