https://www.taxtmi.com/caselaws?id=220264 The Tribunal allowed the assessee's appeal, setting aside the CIT-III's orders on both issues. The Tribunal emphasized that it had not expressed any view on the nature of expenses or the allowance of depreciation, leaving the decisions to the lower authorities. It highlighted the importance of proper inquiry and avoiding changes of opinion in such matters. en-us Fri, 07 Dec 2012 00:00:00 +0530 Wed, 16 Jan 2013 15:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220264 The Tribunal allowed the assessee's appeal, setting aside the CIT-III's orders on both issues. The Tribunal emphasized that it had not expressed any view on the nature of expenses or the allowance of depreciation, leaving the decisions to the lower authorities. It highlighted the importance of proper inquiry and avoiding changes of opinion in such matters. Case-Laws Income Tax Fri, 07 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220264