https://www.taxtmi.com/caselaws?id=432276 The tribunal partially allowed the appeal, directing the AO to allow 100% depreciation on 8 buses and uphold 50% depreciation on 2 buses. Interest on borrowed capital was allowed for buses used from August 2014, while disallowed for others. Disallowances of rates, taxes, Pondicherry permit expense, and expenditure of penal nature were overturned. The tribunal's decision was grounded in evidence and legal provisions, ensuring a just outcome. en-us Wed, 14 Dec 2022 00:00:00 +0530 Mon, 02 Jan 2023 08:36:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432276 The tribunal partially allowed the appeal, directing the AO to allow 100% depreciation on 8 buses and uphold 50% depreciation on 2 buses. Interest on borrowed capital was allowed for buses used from August 2014, while disallowed for others. Disallowances of rates, taxes, Pondicherry permit expense, and expenditure of penal nature were overturned. The tribunal's decision was grounded in evidence and legal provisions, ensuring a just outcome. Case-Laws Income Tax Wed, 14 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432276