https://www.taxtmi.com/caselaws?id=207423 The Tribunal ruled against the appellant's claim for 100% depreciation on sheds, determining the nature of construction as permanent rather than temporary sheds, thus upholding prescribed schedule depreciation. The Tribunal emphasized significant expenses indicating a permanent structure and dismissed the appellant's argument regarding revenue expenditure, clarifying that issues not raised before the Tribunal cannot be introduced in appeals. The High Court affirmed the Tribunal's decision, highlighting that the appeal centered on the construction's nature rather than the capital vs. revenue expenditure distinction. en-us Fri, 25 Nov 2011 00:00:00 +0530 Sat, 10 Dec 2011 15:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207423 The Tribunal ruled against the appellant's claim for 100% depreciation on sheds, determining the nature of construction as permanent rather than temporary sheds, thus upholding prescribed schedule depreciation. The Tribunal emphasized significant expenses indicating a permanent structure and dismissed the appellant's argument regarding revenue expenditure, clarifying that issues not raised before the Tribunal cannot be introduced in appeals. The High Court affirmed the Tribunal's decision, highlighting that the appeal centered on the construction's nature rather than the capital vs. revenue expenditure distinction. Case-Laws Income Tax Fri, 25 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207423