https://www.taxtmi.com/caselaws?id=68281 The Tribunal ruled in favor of the assessee on multiple grounds, including invalidity of assessment orders under sections 143(3) and 147 r/w 148 due to procedural errors. The Tribunal also overturned disallowances of depreciation on new plant and machinery and new building, as well as advocate fees. Various expenses were partially sustained, and interest charges were upheld. The Tribunal dismissed the appeal on the treatment of expenditure on a color TV as capital expenditure and found general grounds raised by the assessee unnecessary for adjudication. en-us Mon, 31 Dec 2007 00:00:00 +0530 Mon, 23 Jul 2012 17:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68281 The Tribunal ruled in favor of the assessee on multiple grounds, including invalidity of assessment orders under sections 143(3) and 147 r/w 148 due to procedural errors. The Tribunal also overturned disallowances of depreciation on new plant and machinery and new building, as well as advocate fees. Various expenses were partially sustained, and interest charges were upheld. The Tribunal dismissed the appeal on the treatment of expenditure on a color TV as capital expenditure and found general grounds raised by the assessee unnecessary for adjudication. Case-Laws Income Tax Mon, 31 Dec 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68281