https://www.taxtmi.com/caselaws?id=420430 The assessee's appeal was partly allowed, with the Tribunal dismissing the Revenue's appeal. The Tribunal upheld the CIT(A)'s decisions on various grounds, emphasizing the importance of concrete evidence and consistency with judicial precedents. Notable outcomes included the deletion of additions for interest on advance payment for land purchase, disallowance of excess depreciation on computer software, and addition under section 41(1) for cessation of liabilities. The Tribunal's rulings were based on the lack of supporting evidence and adherence to legal principles. en-us Wed, 30 Mar 2022 00:00:00 +0530 Sat, 02 Apr 2022 08:35:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420430 The assessee's appeal was partly allowed, with the Tribunal dismissing the Revenue's appeal. The Tribunal upheld the CIT(A)'s decisions on various grounds, emphasizing the importance of concrete evidence and consistency with judicial precedents. Notable outcomes included the deletion of additions for interest on advance payment for land purchase, disallowance of excess depreciation on computer software, and addition under section 41(1) for cessation of liabilities. The Tribunal's rulings were based on the lack of supporting evidence and adherence to legal principles. Case-Laws Income Tax Wed, 30 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420430