https://www.taxtmi.com/caselaws?id=119933 The Tribunal reversed the CIT(A)'s decision and upheld the Assessing Officer's view that the expenses incurred by the assessee were capital in nature, not allowable as revenue expenditure. The Tribunal directed the AO to calculate the depreciation under Explanation 1 to section 32(1) after giving the assessee a chance to be heard. The revenue's appeal was allowed with this direction. en-us Fri, 15 Sep 2006 00:00:00 +0530 Sat, 14 Jul 2012 12:06:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119933 The Tribunal reversed the CIT(A)'s decision and upheld the Assessing Officer's view that the expenses incurred by the assessee were capital in nature, not allowable as revenue expenditure. The Tribunal directed the AO to calculate the depreciation under Explanation 1 to section 32(1) after giving the assessee a chance to be heard. The revenue's appeal was allowed with this direction. Case-Laws Income Tax Fri, 15 Sep 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119933