https://www.taxtmi.com/caselaws?id=250954 The court upheld the ITAT's order regarding interest payment assessment, finding the 18% interest rate reasonable and not discriminatory. It supported the Tribunal's decision on building value estimation, stating additions cannot be made solely on a D.V.O.'s report without rejecting books of account. Additionally, the court allowed 100% depreciation on books in the library, noting it was permissible under Income Tax Rules. No substantial legal questions arose, leading to the dismissal of the department's appeals at the admission stage. en-us Mon, 25 Aug 2014 00:00:00 +0530 Sat, 30 Aug 2014 14:53:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250954 The court upheld the ITAT's order regarding interest payment assessment, finding the 18% interest rate reasonable and not discriminatory. It supported the Tribunal's decision on building value estimation, stating additions cannot be made solely on a D.V.O.'s report without rejecting books of account. Additionally, the court allowed 100% depreciation on books in the library, noting it was permissible under Income Tax Rules. No substantial legal questions arose, leading to the dismissal of the department's appeals at the admission stage. Case-Laws Income Tax Mon, 25 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250954