https://www.taxtmi.com/caselaws?id=64234 The Tribunal allowed the appeal partly, granting the 40% depreciation claim under Section 34(2)(a) to the assessee, M/s Taxmann Allied Services (P) Ltd. The Tribunal reversed the CIT(A)'s decision, finding that the building met the criteria for higher depreciation despite suspicions of tax avoidance. The alternative claim for normal depreciation was not addressed due to the acceptance of the primary contention. The issue of interest charged under Section 216 was remanded back to the CIT(A) for re-evaluation, providing the assessee with an opportunity to be heard. en-us Tue, 28 Mar 1989 00:00:00 +0530 Sat, 05 Feb 2011 15:47:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64234 The Tribunal allowed the appeal partly, granting the 40% depreciation claim under Section 34(2)(a) to the assessee, M/s Taxmann Allied Services (P) Ltd. The Tribunal reversed the CIT(A)'s decision, finding that the building met the criteria for higher depreciation despite suspicions of tax avoidance. The alternative claim for normal depreciation was not addressed due to the acceptance of the primary contention. The issue of interest charged under Section 216 was remanded back to the CIT(A) for re-evaluation, providing the assessee with an opportunity to be heard. Case-Laws Income Tax Tue, 28 Mar 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64234