https://www.taxtmi.com/caselaws?id=424709 The appeal was successful in contesting the disallowance of depreciation on building and vehicle maintenance, with the ITAT ruling in favor of the appellant based on lack of evidence and application of precedents. However, disallowances on telephone expenses and under section 40A(3) of the IT Act were upheld. The issue of lesser credit of TDS amount was remitted for further examination. The ITAT's decision reflects a nuanced approach, allowing certain claims while upholding others, emphasizing the importance of evidence and legal principles in tax disputes. en-us Fri, 24 Jun 2022 00:00:00 +0530 Thu, 07 Jul 2022 08:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424709 The appeal was successful in contesting the disallowance of depreciation on building and vehicle maintenance, with the ITAT ruling in favor of the appellant based on lack of evidence and application of precedents. However, disallowances on telephone expenses and under section 40A(3) of the IT Act were upheld. The issue of lesser credit of TDS amount was remitted for further examination. The ITAT's decision reflects a nuanced approach, allowing certain claims while upholding others, emphasizing the importance of evidence and legal principles in tax disputes. Case-Laws Income Tax Fri, 24 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424709