https://www.taxtmi.com/caselaws?id=76303 The Court allowed the petition, setting aside the Income Tax Appellate Tribunal's order rejecting the depreciation claim on a membership card and remanding the case for fresh consideration. The Court granted the petitioner an opportunity to address the distinctions between their case and the precedent relied on by the Tribunal, emphasizing the non-refundable nature of the expenditure. The rights and contentions of the parties were preserved for further arguments before the Tribunal, with no order as to costs made by the Court. en-us Wed, 05 May 2010 00:00:00 +0530 Thu, 03 Jan 2013 12:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76303 The Court allowed the petition, setting aside the Income Tax Appellate Tribunal's order rejecting the depreciation claim on a membership card and remanding the case for fresh consideration. The Court granted the petitioner an opportunity to address the distinctions between their case and the precedent relied on by the Tribunal, emphasizing the non-refundable nature of the expenditure. The rights and contentions of the parties were preserved for further arguments before the Tribunal, with no order as to costs made by the Court. Case-Laws Income Tax Wed, 05 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76303