1986 (4) TMI 121 - AT - Income Tax

Summary

The Revenue appealed the CIT(A)'s decision to allow depreciation on a truck not used during the previous year. The truck was registered on the last day of the financial year, and the assessing officer denied the depreciation claim as the truck did not operate during the year. The case was sent back to the CIT(A) for re-hearing based on evidence of income from the truck during the previous year. The order was set aside, and the appeal was treated as allowed for statistical purposes.