https://www.taxtmi.com/caselaws?id=210528 The Tribunal dismissed the Revenue's appeals, upholding the first appellate authority's decision to allow depreciation claims by the assessees. It concluded that the depreciation claims did not result in double deduction and that the assessees had complied with the provisions of Section 11(2) of the Income Tax Act. The Tribunal's decision was supported by relevant case laws and a detailed analysis of the statutory provisions. en-us Wed, 17 Aug 2011 00:00:00 +0530 Tue, 14 Feb 2012 10:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210528 The Tribunal dismissed the Revenue's appeals, upholding the first appellate authority's decision to allow depreciation claims by the assessees. It concluded that the depreciation claims did not result in double deduction and that the assessees had complied with the provisions of Section 11(2) of the Income Tax Act. The Tribunal's decision was supported by relevant case laws and a detailed analysis of the statutory provisions. Case-Laws Income Tax Wed, 17 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210528