https://www.taxtmi.com/caselaws?id=118326 The ITAT dismissed the appeal, upholding the CIT(A)'s decision to allow depreciation under section 32 of the Income-tax Act, even though it was not claimed in the return of income. The ITAT emphasized that depreciation must be considered mandatory for computing income, following the deletion of section 34, and that the format of the return does not determine the allowance of depreciation. The ITAT concluded that the decision in Vahid Paper Converters applies, mandating the allowance of depreciation for computing deductions and gross total income. en-us Mon, 24 Apr 2006 00:00:00 +0530 Fri, 29 Jun 2012 18:34:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118326 The ITAT dismissed the appeal, upholding the CIT(A)'s decision to allow depreciation under section 32 of the Income-tax Act, even though it was not claimed in the return of income. The ITAT emphasized that depreciation must be considered mandatory for computing income, following the deletion of section 34, and that the format of the return does not determine the allowance of depreciation. The ITAT concluded that the decision in Vahid Paper Converters applies, mandating the allowance of depreciation for computing deductions and gross total income. Case-Laws Income Tax Mon, 24 Apr 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118326