https://www.taxtmi.com/caselaws?id=233669 The Tribunal upheld the CIT(A)'s order, dismissing appeals by both the Revenue and the assessee. The treatment of license fees as income from house property and the disallowance of depreciation on assets used in providing services were deemed appropriate under the Income Tax Act. The assets were considered to be used for generating income from house property, and allowing depreciation would result in double deduction. Therefore, the appeals on both issues were dismissed. en-us Mon, 08 Apr 2013 00:00:00 +0530 Fri, 10 May 2013 13:57:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233669 The Tribunal upheld the CIT(A)'s order, dismissing appeals by both the Revenue and the assessee. The treatment of license fees as income from house property and the disallowance of depreciation on assets used in providing services were deemed appropriate under the Income Tax Act. The assets were considered to be used for generating income from house property, and allowing depreciation would result in double deduction. Therefore, the appeals on both issues were dismissed. Case-Laws Income Tax Mon, 08 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233669