https://www.taxtmi.com/caselaws?id=459254 The Tribunal upheld multiple decisions favoring the assessee, dismissing appeals on various tax issues. Rental income was classified under 'Income from Other Sources,' 100% depreciation on forklifts was allowed, and Section 80IB claims were supported without allocating H.O. expenses. Expenditures on moulds, trademark protection, and advertisement were treated as revenue, and deductions for obsolete stock destruction were upheld. The Tribunal also deleted penalties under Section 271(1)(c) due to full disclosure. All decisions were based on factual findings and previous rulings, leading to the dismissal of appeals. en-us Tue, 12 Mar 2013 00:00:00 +0530 Fri, 06 Dec 2024 14:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459254 The Tribunal upheld multiple decisions favoring the assessee, dismissing appeals on various tax issues. Rental income was classified under 'Income from Other Sources,' 100% depreciation on forklifts was allowed, and Section 80IB claims were supported without allocating H.O. expenses. Expenditures on moulds, trademark protection, and advertisement were treated as revenue, and deductions for obsolete stock destruction were upheld. The Tribunal also deleted penalties under Section 271(1)(c) due to full disclosure. All decisions were based on factual findings and previous rulings, leading to the dismissal of appeals. Case-Laws Income Tax Tue, 12 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459254