https://www.taxtmi.com/caselaws?id=306317 The Tribunal allowed the assessee's appeal in part, directing the AO to verify and re-compute unabsorbed depreciation while emphasizing the nature of reimbursements and DTAA provisions. The disallowance under Section 40(a)(i) was deleted as payments were found to be reimbursements, not royalty. The non-grant of brought forward MAT credit was dismissed. The levy of interest under Section 234B and 234C was considered consequential, and penalty proceedings under Section 271(1)(c) were deemed premature and dismissed. en-us Thu, 12 Sep 2019 00:00:00 +0530 Sat, 21 Jan 2023 15:19:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306317 The Tribunal allowed the assessee's appeal in part, directing the AO to verify and re-compute unabsorbed depreciation while emphasizing the nature of reimbursements and DTAA provisions. The disallowance under Section 40(a)(i) was deleted as payments were found to be reimbursements, not royalty. The non-grant of brought forward MAT credit was dismissed. The levy of interest under Section 234B and 234C was considered consequential, and penalty proceedings under Section 271(1)(c) were deemed premature and dismissed. Case-Laws Income Tax Thu, 12 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306317