1991 (2) TMI 35 - HC - Income Tax

Summary

The writ petition challenged the Commissioner's order dismissing the petitioner's revision regarding unexplained investment in a bus and disallowed depreciation claim. The court found that the Commissioner did not consider relevant material supporting the depreciation claim, so that part of the order was quashed. However, the court upheld the decision on the unexplained investment. The Commissioner was directed to reconsider the depreciation claim.