https://www.taxtmi.com/caselaws?id=63674 The ITAT Delhi-B directed the WTO to consider the finally determined written down value for the over-head tanks based on the income tax assessment outcome for the relevant year, overturning the AAC's deletion decision. The ITAT emphasized aligning the value with the IT Act's definition and the final amount determined in income tax proceedings, adjusting for any changes in depreciation rate. The appeal was allowed for statistical purposes, resolving the dispute over the tank's valuation. en-us Thu, 08 Jan 1987 00:00:00 +0530 Tue, 01 Feb 2011 12:57:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63674 The ITAT Delhi-B directed the WTO to consider the finally determined written down value for the over-head tanks based on the income tax assessment outcome for the relevant year, overturning the AAC's deletion decision. The ITAT emphasized aligning the value with the IT Act's definition and the final amount determined in income tax proceedings, adjusting for any changes in depreciation rate. The appeal was allowed for statistical purposes, resolving the dispute over the tank's valuation. Case-Laws Income Tax Thu, 08 Jan 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63674