https://www.taxtmi.com/caselaws?id=238070 The Appellate Tribunal upheld the allowance of depreciation as application of income, relying on previous tribunal orders and high court judgments. The decision emphasized consistency in decisions and adherence to established legal interpretations, reinforcing the importance of following precedents in tax matters. The Tribunal dismissed the Revenue's appeal, highlighting the significance of maintaining a stable legal framework based on existing legal precedents and decisions. en-us Fri, 23 Aug 2013 00:00:00 +0530 Tue, 15 Oct 2013 11:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238070 The Appellate Tribunal upheld the allowance of depreciation as application of income, relying on previous tribunal orders and high court judgments. The decision emphasized consistency in decisions and adherence to established legal interpretations, reinforcing the importance of following precedents in tax matters. The Tribunal dismissed the Revenue's appeal, highlighting the significance of maintaining a stable legal framework based on existing legal precedents and decisions. Case-Laws Income Tax Fri, 23 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238070