https://www.taxtmi.com/caselaws?id=212417 The High Court allowed the appeal in part, determining that the assessee was entitled to claim depreciation in respect of leased assets for the assessment year 1998-1999. The Court remanded the matter to the first appellate authority to ascertain whether the leased assets were acquired and depreciation claimed during the block period or after. If found to be post-block assessment, depreciation could be granted in the regular assessment, emphasizing the importance of accurate determination of depreciation claims in compliance with the Income-tax Act. en-us Wed, 16 Nov 2011 00:00:00 +0530 Tue, 22 May 2012 11:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212417 The High Court allowed the appeal in part, determining that the assessee was entitled to claim depreciation in respect of leased assets for the assessment year 1998-1999. The Court remanded the matter to the first appellate authority to ascertain whether the leased assets were acquired and depreciation claimed during the block period or after. If found to be post-block assessment, depreciation could be granted in the regular assessment, emphasizing the importance of accurate determination of depreciation claims in compliance with the Income-tax Act. Case-Laws Income Tax Wed, 16 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212417