https://www.taxtmi.com/caselaws?id=71724 The Tribunal ruled in favor of the assessee, M/s Central Pulp Mills Ltd., stating that the assessee can waive the right to claim depreciation allowance, and the Department cannot impose it if not claimed. The Tribunal emphasized that the deduction of depreciation allowance should only be granted upon the assessee's claim and provision of necessary particulars. They relied on a special Bench order and distinguished the case from previous decisions, ultimately allowing the appeal in favor of the assessee. en-us Wed, 27 Feb 1980 00:00:00 +0530 Tue, 26 Apr 2011 17:33:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71724 The Tribunal ruled in favor of the assessee, M/s Central Pulp Mills Ltd., stating that the assessee can waive the right to claim depreciation allowance, and the Department cannot impose it if not claimed. The Tribunal emphasized that the deduction of depreciation allowance should only be granted upon the assessee's claim and provision of necessary particulars. They relied on a special Bench order and distinguished the case from previous decisions, ultimately allowing the appeal in favor of the assessee. Case-Laws Income Tax Wed, 27 Feb 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71724