https://www.taxtmi.com/caselaws?id=219060 The High Court upheld the Tribunal's decision in a tax appeal case, emphasizing the debatable nature of the issues surrounding depreciation under Section 32A of the Income Tax Act. The Court found no legal question warranting intervention and dismissed the appeal, highlighting the Assessing Officer's initial acceptance of the investment allowance claim and the Tribunal's analysis of the machinery transfer and leasing arrangement. en-us Wed, 25 Jan 2012 00:00:00 +0530 Tue, 04 Dec 2012 09:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219060 The High Court upheld the Tribunal's decision in a tax appeal case, emphasizing the debatable nature of the issues surrounding depreciation under Section 32A of the Income Tax Act. The Court found no legal question warranting intervention and dismissed the appeal, highlighting the Assessing Officer's initial acceptance of the investment allowance claim and the Tribunal's analysis of the machinery transfer and leasing arrangement. Case-Laws Income Tax Wed, 25 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219060