https://www.taxtmi.com/caselaws?id=215987 The Tribunal partly allowed both the assessee's and the department's appeals for statistical purposes, restoring certain issues to the A.O. for further examination and verification. The disallowance of excess depreciation due to downward revaluation of assets was upheld, while other issues such as depreciation on mining rights, fiber optic computer networking, prior period expenses, water supply and sewerage plant, foreign exchange fluctuations, and assets not in active use were either partially allowed or restored for further assessment. en-us Fri, 27 Apr 2012 00:00:00 +0530 Thu, 16 Aug 2012 11:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215987 The Tribunal partly allowed both the assessee's and the department's appeals for statistical purposes, restoring certain issues to the A.O. for further examination and verification. The disallowance of excess depreciation due to downward revaluation of assets was upheld, while other issues such as depreciation on mining rights, fiber optic computer networking, prior period expenses, water supply and sewerage plant, foreign exchange fluctuations, and assets not in active use were either partially allowed or restored for further assessment. Case-Laws Income Tax Fri, 27 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215987