https://www.taxtmi.com/caselaws?id=217096 The Tribunal set aside the Commissioner of Income Tax (Appeals)'s decision disallowing 50% of the depreciation claimed by the assessee for an entertainment center set up in Pune. The Tribunal directed a fresh examination to determine if any services of the center were operational before the specified date, emphasizing the need for concrete evidence regarding the operational status of assets. The case underscores the importance of substantiating claims with detailed proof and the necessity for a thorough examination of factual circumstances before making determinations regarding depreciation allowances. en-us Fri, 13 Jul 2012 00:00:00 +0530 Mon, 01 Oct 2012 14:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217096 The Tribunal set aside the Commissioner of Income Tax (Appeals)'s decision disallowing 50% of the depreciation claimed by the assessee for an entertainment center set up in Pune. The Tribunal directed a fresh examination to determine if any services of the center were operational before the specified date, emphasizing the need for concrete evidence regarding the operational status of assets. The case underscores the importance of substantiating claims with detailed proof and the necessity for a thorough examination of factual circumstances before making determinations regarding depreciation allowances. Case-Laws Income Tax Fri, 13 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217096