https://www.taxtmi.com/caselaws?id=66948 The Tribunal partly allowed the appeal, affirming the CIT's decision to set aside the AO's order allowing 100% depreciation on centering plates without proper examination. The Tribunal found the AO's findings erroneous and prejudicial to Revenue's interests, directing a reassessment in accordance with the law. The Tribunal upheld the AO's decision on the firm's status, emphasizing the importance of thorough examination and proper documentation in assessing depreciation claims. en-us Tue, 13 Jun 2000 00:00:00 +0530 Tue, 08 Mar 2011 12:58:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66948 The Tribunal partly allowed the appeal, affirming the CIT's decision to set aside the AO's order allowing 100% depreciation on centering plates without proper examination. The Tribunal found the AO's findings erroneous and prejudicial to Revenue's interests, directing a reassessment in accordance with the law. The Tribunal upheld the AO's decision on the firm's status, emphasizing the importance of thorough examination and proper documentation in assessing depreciation claims. Case-Laws Income Tax Tue, 13 Jun 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66948