https://www.taxtmi.com/caselaws?id=422421 The Tribunal admitted appeals delayed by the pandemic for adjudication. Disallowance of depreciation on intellectual property rights for 2007-08 was overturned due to evidence. The disallowance for 2008-09 was upheld as license renewal proof was lacking. Disallowance of unsecured loan was deleted as ledger entry proved loan receipt. Disallowance of loan amount credited to account was deleted based on provided evidence. Disallowance under section 43B was dismissed. The appeal for 2007-08 was allowed, while for 2008-09, it was partly allowed due to lack of renewal evidence. The Tribunal made decisions based on presented evidence and lower authorities' findings. en-us Thu, 05 May 2022 00:00:00 +0530 Fri, 13 May 2022 21:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422421 The Tribunal admitted appeals delayed by the pandemic for adjudication. Disallowance of depreciation on intellectual property rights for 2007-08 was overturned due to evidence. The disallowance for 2008-09 was upheld as license renewal proof was lacking. Disallowance of unsecured loan was deleted as ledger entry proved loan receipt. Disallowance of loan amount credited to account was deleted based on provided evidence. Disallowance under section 43B was dismissed. The appeal for 2007-08 was allowed, while for 2008-09, it was partly allowed due to lack of renewal evidence. The Tribunal made decisions based on presented evidence and lower authorities' findings. Case-Laws Income Tax Thu, 05 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422421