https://www.taxtmi.com/caselaws?id=466103 Dispute concerns multiple income-tax issues: whether depreciation can be claimed for assets let out (Tribunal finds assets let out and taxed as income from house property are not available for business use and disallowance of depreciation was deleted on precedent), disallowance under Section 43B (first proviso not invoked; disallowance reinstated following Supreme Court precedents), characterization of various receipts (TUF subsidy and sales tax incentives held to be capital receipts), taxability of foreign dividend upheld, education cess held non-deductible as it is treated as tax, allocation of head-office expenses and computation of deduction for infrastructure-style incentives remitted to AO for item-wise examination. en-us Tue, 25 Feb 2025 00:00:00 +0530 Thu, 22 Jan 2026 18:35:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466103 Dispute concerns multiple income-tax issues: whether depreciation can be claimed for assets let out (Tribunal finds assets let out and taxed as income from house property are not available for business use and disallowance of depreciation was deleted on precedent), disallowance under Section 43B (first proviso not invoked; disallowance reinstated following Supreme Court precedents), characterization of various receipts (TUF subsidy and sales tax incentives held to be capital receipts), taxability of foreign dividend upheld, education cess held non-deductible as it is treated as tax, allocation of head-office expenses and computation of deduction for infrastructure-style incentives remitted to AO for item-wise examination. Case-Laws Income Tax Tue, 25 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466103