https://www.taxtmi.com/caselaws?id=436350 The Tribunal partially allowed the appeal, stating that depreciation cannot be disallowed if assets were used for business in earlier years. Legal fees for civil suits were considered related to business activities and not disallowable. The issue of TDS deduction on professional fees was referred back to the Assessing Officer for further examination. en-us Thu, 23 Mar 2023 00:00:00 +0530 Tue, 11 Apr 2023 09:12:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436350 The Tribunal partially allowed the appeal, stating that depreciation cannot be disallowed if assets were used for business in earlier years. Legal fees for civil suits were considered related to business activities and not disallowable. The issue of TDS deduction on professional fees was referred back to the Assessing Officer for further examination. Case-Laws Income Tax Thu, 23 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436350