https://www.taxtmi.com/caselaws?id=425784 The Tribunal allowed the appeals for AY 2013-14 and AY 2015-16, and partly allowed the appeal for AY 2014-15. Disallowance of depreciation on the crane for the specified years was deleted as the crane was confirmed to be in use for business operations. The disallowance of employees' contribution to the Provident Fund was also deleted as the contribution was made before the due date for filing the return of income. The Tribunal directed the AO to consider the entire cost of trucks, including the body, for depreciation in AY 2014-15. Additionally, the disallowance of interest payment on advances to sister concerns was deleted based on the availability of interest-free funds. en-us Tue, 28 Jun 2022 00:00:00 +0530 Mon, 01 Aug 2022 09:33:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425784 The Tribunal allowed the appeals for AY 2013-14 and AY 2015-16, and partly allowed the appeal for AY 2014-15. Disallowance of depreciation on the crane for the specified years was deleted as the crane was confirmed to be in use for business operations. The disallowance of employees' contribution to the Provident Fund was also deleted as the contribution was made before the due date for filing the return of income. The Tribunal directed the AO to consider the entire cost of trucks, including the body, for depreciation in AY 2014-15. Additionally, the disallowance of interest payment on advances to sister concerns was deleted based on the availability of interest-free funds. Case-Laws Income Tax Tue, 28 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425784