https://www.taxtmi.com/caselaws?id=206665 The Court upheld the Income Tax Appellate Tribunal's decision to tax the amount offered in the revised return, disallowing depreciation due to lack of evidence of asset purchase. However, the disallowance of late payment of provident fund was set aside in favor of the assessee. The Court appreciated the amicus curiae's assistance and disposed of the appeal without costs. en-us Thu, 13 Oct 2011 00:00:00 +0530 Mon, 26 Mar 2012 15:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206665 The Court upheld the Income Tax Appellate Tribunal's decision to tax the amount offered in the revised return, disallowing depreciation due to lack of evidence of asset purchase. However, the disallowance of late payment of provident fund was set aside in favor of the assessee. The Court appreciated the amicus curiae's assistance and disposed of the appeal without costs. Case-Laws Income Tax Thu, 13 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206665