https://www.taxtmi.com/caselaws?id=250364 The appeal regarding the disallowance of depreciation on machinery was allowed for statistical purposes. In relation to the additions under Section 68 of the Income Tax Act for unproved gifts, the appeals for the assessment years 2004-05 and 2005-06 were partly allowed and allowed for statistical purposes, respectively. The Tribunal directed the Assessing Officer to reevaluate the matters based on the evidence provided by the assessees. en-us Fri, 25 Jul 2014 00:00:00 +0530 Sun, 10 Aug 2014 07:02:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250364 The appeal regarding the disallowance of depreciation on machinery was allowed for statistical purposes. In relation to the additions under Section 68 of the Income Tax Act for unproved gifts, the appeals for the assessment years 2004-05 and 2005-06 were partly allowed and allowed for statistical purposes, respectively. The Tribunal directed the Assessing Officer to reevaluate the matters based on the evidence provided by the assessees. Case-Laws Income Tax Fri, 25 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250364