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2014 (8) TMI 422 - HC - Income TaxDepreciation on assets disallowed – Outside the block period, a regular assessment order was passed in respect of the assessment year 1997-98 where the assessee had claimed depreciation - Tribunal allowed the claim of depreciation - Held that:- The Tribunal while following the decision as given in earlier assessment year of the same assessee have granted the benefit - assessee has substantiated his claim for depreciation - the assessee has established his claim for depreciation, there was no justification to interfere with the finding of fact – no substantial question of law arises for consideration – Decided against Revenue.
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