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<h1>Gauhati High Court grants depreciation on temple building, allows outstanding tax liabilities</h1> The High Court of Gauhati ruled in favor of the assessee, allowing depreciation on the temple building and permitting outstanding tax liabilities to be ... Profession Tax The High Court of Gauhati ruled in favor of the assessee on both questions raised by the Revenue. The court allowed depreciation on the temple building and directed that outstanding liabilities of taxes be allowed if paid by statutory dates. The court cited previous decisions to support its ruling. The judgment will be transmitted to the Income-tax Appellate Tribunal, and no costs were awarded.
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