https://www.taxtmi.com/caselaws?id=68166 The ITAT Jaipur upheld the decisions of the CIT(A) on all grounds raised by the Department. The ITAT confirmed the allowance of additional depreciation and investment allowance on computers, depreciation on assets acquired from a dissolved firm, cancellation of interest charged under section 216, and rejected the Department's appeal on the allowance of depreciation on assets reduced by subsidy received. The ITAT emphasized the proper application of tax laws and legal principles in determining the outcomes of the appeal, dismissing the Department's grounds of appeal in their entirety. en-us Thu, 16 Mar 1995 00:00:00 +0530 Thu, 17 Mar 2011 13:40:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68166 The ITAT Jaipur upheld the decisions of the CIT(A) on all grounds raised by the Department. The ITAT confirmed the allowance of additional depreciation and investment allowance on computers, depreciation on assets acquired from a dissolved firm, cancellation of interest charged under section 216, and rejected the Department's appeal on the allowance of depreciation on assets reduced by subsidy received. The ITAT emphasized the proper application of tax laws and legal principles in determining the outcomes of the appeal, dismissing the Department's grounds of appeal in their entirety. Case-Laws Income Tax Thu, 16 Mar 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68166