https://www.taxtmi.com/caselaws?id=752637 Additional evidence for depreciation claims may be admitted under Rule 46A where the assessee shows sufficient cause, the Assessing Officer is given remand verification, and no prejudice is demonstrated; the depreciation disallowance was therefore not sustained. Trial run berth hire income that was adjusted against project cost and fixed assets did not require a separate addition, because it had already reduced the capital cost. An ad hoc disallowance of CSR expenses could not be upheld without material showing that the expenditure was bogus, fictitious, or otherwise inadmissible; the disallowance was deleted. en-us Tue, 30 Apr 2024 00:00:00 +0530 Wed, 15 May 2024 09:20:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752637 Additional evidence for depreciation claims may be admitted under Rule 46A where the assessee shows sufficient cause, the Assessing Officer is given remand verification, and no prejudice is demonstrated; the depreciation disallowance was therefore not sustained. Trial run berth hire income that was adjusted against project cost and fixed assets did not require a separate addition, because it had already reduced the capital cost. An ad hoc disallowance of CSR expenses could not be upheld without material showing that the expenditure was bogus, fictitious, or otherwise inadmissible; the disallowance was deleted. Case-Laws Income Tax Tue, 30 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752637