https://www.taxtmi.com/caselaws?id=57848 The Tribunal dismissed all three appeals by the Revenue, upholding the CIT(A)'s decisions on various issues including writing off stock valued at Rs. 13,44,777 due to a change in accounting method, allowing deduction of legal expenses as revenue expenditure, excluding car insurance amount from disallowance under the IT Act, allowing depreciation for 18 months, and reducing unabsorbed depreciation for computing deduction under section 80HHD. The Tribunal found the CIT(A)'s decisions consistent with industry practices and relevant court precedents. en-us Fri, 25 Apr 2003 00:00:00 +0530 Tue, 19 Jun 2012 15:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57848 The Tribunal dismissed all three appeals by the Revenue, upholding the CIT(A)'s decisions on various issues including writing off stock valued at Rs. 13,44,777 due to a change in accounting method, allowing deduction of legal expenses as revenue expenditure, excluding car insurance amount from disallowance under the IT Act, allowing depreciation for 18 months, and reducing unabsorbed depreciation for computing deduction under section 80HHD. The Tribunal found the CIT(A)'s decisions consistent with industry practices and relevant court precedents. Case-Laws Income Tax Fri, 25 Apr 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57848