https://www.taxtmi.com/caselaws?id=428024 The Tribunal dismissed the Revenue's appeal challenging the allowance of depreciation on intangible assets, upheld the disallowance of exceptional losses claimed by the assessee, and remanded the issue of embezzlement loss for further verification. Additionally, the Tribunal upheld the disallowance of provision for expenses but allowed the deduction in the year of TDS remittance. The appeal of the Revenue was partly allowed for statistical purposes, and the assessee's cross-objection was partly allowed. en-us Mon, 19 Sep 2022 00:00:00 +0530 Wed, 21 Sep 2022 12:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428024 The Tribunal dismissed the Revenue's appeal challenging the allowance of depreciation on intangible assets, upheld the disallowance of exceptional losses claimed by the assessee, and remanded the issue of embezzlement loss for further verification. Additionally, the Tribunal upheld the disallowance of provision for expenses but allowed the deduction in the year of TDS remittance. The appeal of the Revenue was partly allowed for statistical purposes, and the assessee's cross-objection was partly allowed. Case-Laws Income Tax Mon, 19 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428024