Court quashes Commissioner's order on depreciation claim, upholds decision on unexplained investment. Reconsideration directed.

Janardan Prasad Ashok Kumar Versus Commissioner Of Income-Tax

Janardan Prasad Ashok Kumar Versus Commissioner Of Income-Tax - [1992] 193 ITR 186, 58 TAXMANN 58 The writ petition challenged the Commissioner's order dismissing the petitioner's revision regarding unexplained investment in a bus and disallowed depreciation claim. The court found that the Commissioner did not consider relevant material supporting the depreciation claim, so that part of the order was quashed. However, the court upheld the decision on the unexplained investment. The Commissioner was directed to reconsider the depreciation claim.