https://www.taxtmi.com/caselaws?id=208117 The Tribunal remanded the case back to the Assessing Officer for further examination and fresh adjudication. The first issue regarding entitlement to deduction under section 11 was sent back as the Tribunal found that the CIT(A) did not adequately address the requirement of maintaining separate books of account for business activities. The second issue concerning the deduction of depreciation on assets acquired was also remanded for the AO to consider the assessee's argument. The appeal was treated as allowed for statistical purposes, with both issues requiring reconsideration by the AO. en-us Thu, 31 Mar 2011 00:00:00 +0530 Thu, 05 Jan 2012 10:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208117 The Tribunal remanded the case back to the Assessing Officer for further examination and fresh adjudication. The first issue regarding entitlement to deduction under section 11 was sent back as the Tribunal found that the CIT(A) did not adequately address the requirement of maintaining separate books of account for business activities. The second issue concerning the deduction of depreciation on assets acquired was also remanded for the AO to consider the assessee's argument. The appeal was treated as allowed for statistical purposes, with both issues requiring reconsideration by the AO. Case-Laws Income Tax Thu, 31 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208117