https://www.taxtmi.com/caselaws?id=207629 The High Court remitted the matter back to the Tribunal to determine the tax effect and proceed accordingly. The Tribunal dismissed the department's appeal on both issues of disallowance of depreciation and excess claim of expenditure under interest due to the negligible tax effect and the total income remaining nil even after the CIT(A)'s order. The decision was based on the applicable Instruction requiring a minimum tax effect of Rs. 2 lakhs for the appeal to be entertained. en-us Fri, 02 Dec 2011 00:00:00 +0530 Fri, 20 Jan 2012 13:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207629 The High Court remitted the matter back to the Tribunal to determine the tax effect and proceed accordingly. The Tribunal dismissed the department's appeal on both issues of disallowance of depreciation and excess claim of expenditure under interest due to the negligible tax effect and the total income remaining nil even after the CIT(A)'s order. The decision was based on the applicable Instruction requiring a minimum tax effect of Rs. 2 lakhs for the appeal to be entertained. Case-Laws Income Tax Fri, 02 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207629