Appeal admitted on interest income; depreciation issue based on tribunal ruling; to be heard jointly.

The Gujarat HC admitted the Revenue's appeal challenging the deletion of additions on interest received on investments as a substantial question of law. The decision on disallowance of depreciation was based on a previous tribunal ruling. The case was to be heard jointly with Tax Appeal No.1791/2010.

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The Gujarat High Court, in an oral order by Justice Akil Kureshi, considered the Revenue's challenge regarding the deletion of additions made on interest received on investments and disallowance of depreciation. The Court admitted the appeal for consideration of the addition on interest received as a substantial question of law. The decision on disallowance of depreciation was based on a previous tribunal ruling. The case was to be heard with Tax Appeal No.1791/2010.

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