https://www.taxtmi.com/caselaws?id=216318 The High Court ruled in favor of the assessee regarding the claim for depreciation on car parking at Ansal Plaza, citing a Supreme Court precedent. However, the Court dismissed the appeal concerning the addition towards an unrecognized Provident Fund Trust, emphasizing the necessity for critical analysis and proper recognition for deduction benefits, despite the tax implication being below the limit. The Court highlighted the need for further examination in subsequent years but concluded that no interference was warranted in the current appeal due to the lack of critical analysis by the authorities. en-us Mon, 27 Aug 2012 00:00:00 +0530 Tue, 04 Sep 2012 17:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216318 The High Court ruled in favor of the assessee regarding the claim for depreciation on car parking at Ansal Plaza, citing a Supreme Court precedent. However, the Court dismissed the appeal concerning the addition towards an unrecognized Provident Fund Trust, emphasizing the necessity for critical analysis and proper recognition for deduction benefits, despite the tax implication being below the limit. The Court highlighted the need for further examination in subsequent years but concluded that no interference was warranted in the current appeal due to the lack of critical analysis by the authorities. Case-Laws Income Tax Mon, 27 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216318