https://www.taxtmi.com/caselaws?id=68504 The Tribunal dismissed both appeals filed by the Department, upholding the CIT(A)'s decisions. The firm's registration under section 185(5) was allowed, depreciation claim was upheld, and expenditure against freight receipts was permitted. The Tribunal emphasized the importance of judicial discretion and the requirement for reasoned decisions in consideration of the specific circumstances of each case. en-us Tue, 17 Aug 2004 00:00:00 +0530 Wed, 30 Mar 2011 17:07:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68504 The Tribunal dismissed both appeals filed by the Department, upholding the CIT(A)'s decisions. The firm's registration under section 185(5) was allowed, depreciation claim was upheld, and expenditure against freight receipts was permitted. The Tribunal emphasized the importance of judicial discretion and the requirement for reasoned decisions in consideration of the specific circumstances of each case. Case-Laws Income Tax Tue, 17 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68504