https://www.taxtmi.com/caselaws?id=71721 The Appellate Tribunal ruled in favor of the assessee, overturning the disallowances of repairs expenses and depreciation on photographic equipment. The Tribunal found that the repairs did not provide enduring benefits, leading to the deletion of the disallowance. Additionally, it acknowledged the commencement of a new business venture by the assessee involving metal printing with photographs, allowing the depreciation claim. Consequently, the appeal was partly allowed, recognizing the legitimate business activities and permitting the relevant claims. en-us Tue, 10 Jun 1980 00:00:00 +0530 Tue, 26 Apr 2011 17:29:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71721 The Appellate Tribunal ruled in favor of the assessee, overturning the disallowances of repairs expenses and depreciation on photographic equipment. The Tribunal found that the repairs did not provide enduring benefits, leading to the deletion of the disallowance. Additionally, it acknowledged the commencement of a new business venture by the assessee involving metal printing with photographs, allowing the depreciation claim. Consequently, the appeal was partly allowed, recognizing the legitimate business activities and permitting the relevant claims. Case-Laws Income Tax Tue, 10 Jun 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71721