https://www.taxtmi.com/caselaws?id=201323 The High Court dismissed the appeal, upholding the Tribunal's decision to delete the addition of interest income accrued on an advance made to the Haryana State Electricity Board based on the communication from the Haryana Government. The Court also supported the Tribunal's allowance of depreciation on capital assets, rejecting the revenue's argument of double deduction and justifying the decision in line with previous court rulings. Additionally, the Court affirmed the restoration of the issue to the assessing officer without examining the merits, following the Bombay High Court decision. en-us Mon, 20 Sep 2010 00:00:00 +0530 Tue, 06 Sep 2011 15:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=201323 The High Court dismissed the appeal, upholding the Tribunal's decision to delete the addition of interest income accrued on an advance made to the Haryana State Electricity Board based on the communication from the Haryana Government. The Court also supported the Tribunal's allowance of depreciation on capital assets, rejecting the revenue's argument of double deduction and justifying the decision in line with previous court rulings. Additionally, the Court affirmed the restoration of the issue to the assessing officer without examining the merits, following the Bombay High Court decision. Case-Laws Income Tax Mon, 20 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=201323