High Court stays criminal proceedings on depreciation pending decision, citing ITAT ruling.

The High Court of Delhi stayed criminal proceedings related to depreciation on bottles and computers pending its decision on the reference, citing the Income-tax Appellate Tribunal's decision favoring the assessee and a previous judgment supporting the assessee's claim for depreciation on bottles. The proceedings were stayed with the option to revive them based on the High Court's decision.

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The High Court of Delhi stayed criminal proceedings in a case related to depreciation on bottles and computers pending the High Court's decision on the reference. The Income-tax Appellate Tribunal's decision favoring the assessee was cited as a reason for the stay. The court referred to a previous judgment supporting the assessee's claim for depreciation on bottles. The proceedings were stayed, with the option to revive them based on the High Court's decision.

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