https://www.taxtmi.com/caselaws?id=234839 The Tribunal allowed the appeal for statistical purposes, directing a fresh examination by the assessing authority to determine the assets' actual usage and eligibility for depreciation allowance under section 32 of the Income Tax Act. The Tribunal emphasized the need for concrete evidence to support the claim for depreciation, highlighting discrepancies in trial run dates and asset additions. The decision to admit additional evidence aimed at resolving factual uncertainties, emphasizing the importance of factual clarity in determining depreciation eligibility. Ultimately, the assessee achieved a procedural victory pending further assessment by the assessing authority. en-us Fri, 21 Jun 2013 00:00:00 +0530 Sat, 29 Jun 2013 09:28:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234839 The Tribunal allowed the appeal for statistical purposes, directing a fresh examination by the assessing authority to determine the assets' actual usage and eligibility for depreciation allowance under section 32 of the Income Tax Act. The Tribunal emphasized the need for concrete evidence to support the claim for depreciation, highlighting discrepancies in trial run dates and asset additions. The decision to admit additional evidence aimed at resolving factual uncertainties, emphasizing the importance of factual clarity in determining depreciation eligibility. Ultimately, the assessee achieved a procedural victory pending further assessment by the assessing authority. Case-Laws Income Tax Fri, 21 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234839