https://www.taxtmi.com/caselaws?id=303182 The Tribunal upheld the decisions of the ld. CIT(A) in allowing additional depreciation on energy-saving devices, deleting disallowances under Section 14A and Section 2(24)(x) of the Income Tax Act, permitting foreign exchange fluctuation loss, and rejecting disallowance of recruitment expenditure amortization. Additionally, the Tribunal upheld the deletion of transfer pricing adjustment due to recharacterization of equity as a loan. The revenue's appeal was dismissed entirely, with the Tribunal finding the decisions in line with legal precedents and factual findings. en-us Wed, 14 Aug 2019 00:00:00 +0530 Thu, 07 Jul 2022 21:22:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303182 The Tribunal upheld the decisions of the ld. CIT(A) in allowing additional depreciation on energy-saving devices, deleting disallowances under Section 14A and Section 2(24)(x) of the Income Tax Act, permitting foreign exchange fluctuation loss, and rejecting disallowance of recruitment expenditure amortization. Additionally, the Tribunal upheld the deletion of transfer pricing adjustment due to recharacterization of equity as a loan. The revenue's appeal was dismissed entirely, with the Tribunal finding the decisions in line with legal precedents and factual findings. Case-Laws Income Tax Wed, 14 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303182