https://www.taxtmi.com/caselaws?id=770513 ITAT Mumbai allowed assessee's appeal finding AO's final assessment order violated section 144C(13) by not conforming to DRP directions on depreciation and deemed loan interest issues. The tribunal held depreciation on intangible assets including customer relationships and non-compete fees allowable under section 32(1)(ii), deleting AO's disallowance. Regarding section 80G deduction claim instead of CSR expenses, matter remanded to AO with directions to allow deduction subject to fulfilling requisite conditions, following judicial precedents permitting CSR expenditure deduction under section 80G. en-us Mon, 05 May 2025 00:00:00 +0530 Fri, 09 May 2025 12:44:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770513 ITAT Mumbai allowed assessee's appeal finding AO's final assessment order violated section 144C(13) by not conforming to DRP directions on depreciation and deemed loan interest issues. The tribunal held depreciation on intangible assets including customer relationships and non-compete fees allowable under section 32(1)(ii), deleting AO's disallowance. Regarding section 80G deduction claim instead of CSR expenses, matter remanded to AO with directions to allow deduction subject to fulfilling requisite conditions, following judicial precedents permitting CSR expenditure deduction under section 80G. Case-Laws Income Tax Mon, 05 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770513