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of <h1>Tribunal Error: Depreciation Claim Disallowed Due to Previous Deductions.</h1> <h3>Commissioner Of Income-Tax Versus Mahindra Sintered Products Limited</h3> Commissioner Of Income-Tax Versus Mahindra Sintered Products Limited - [1986] 161 ITR 692, 52 CTR 22, 24 TAXMANN 55 The High Court of Bombay ruled that the Tribunal was not right in allowing the assessee's claim for depreciation under section 32 for the assessment year 1971-72, as deductions had already been allowed under section 35 in previous years. The retrospective amendment to section 35 prevented the allowance of further depreciation. The judgment favored the Revenue, and no costs were awarded.
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