https://www.taxtmi.com/caselaws?id=236339 The appeal for the assessment year 2006-07 regarding the disallowance of depreciation was allowed for statistical purposes by the Tribunal. The issue was remanded back to the Assessing Officer for verification of the assessee's claim regarding RBI's permission to resume business. Similarly, the appeal for the assessment year 2007-08 concerning the disallowance of prior period expenses was also allowed for statistical purposes. The Tribunal directed the Assessing Officer to further verify the claim that the liability for Customs and Excise Duty arose and was paid in the relevant year. en-us Wed, 14 Aug 2013 00:00:00 +0530 Fri, 23 Aug 2013 07:30:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236339 The appeal for the assessment year 2006-07 regarding the disallowance of depreciation was allowed for statistical purposes by the Tribunal. The issue was remanded back to the Assessing Officer for verification of the assessee's claim regarding RBI's permission to resume business. Similarly, the appeal for the assessment year 2007-08 concerning the disallowance of prior period expenses was also allowed for statistical purposes. The Tribunal directed the Assessing Officer to further verify the claim that the liability for Customs and Excise Duty arose and was paid in the relevant year. Case-Laws Income Tax Wed, 14 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236339