https://www.taxtmi.com/caselaws?id=75596 The court allowed the appeal, set aside the Tribunal's order, and remanded the matter for fresh consideration. The court emphasized the necessity of allowing depreciation in best judgment assessments and directed Tribunals to adhere to correct legal principles without adopting inapplicable sections like 44AD. en-us Thu, 03 Jul 2008 00:00:00 +0530 Thu, 31 Jan 2013 18:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75596 The court allowed the appeal, set aside the Tribunal's order, and remanded the matter for fresh consideration. The court emphasized the necessity of allowing depreciation in best judgment assessments and directed Tribunals to adhere to correct legal principles without adopting inapplicable sections like 44AD. Case-Laws Income Tax Thu, 03 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75596