https://www.taxtmi.com/caselaws?id=251524 The Tribunal had not adjudicated the merits of the depreciation claim, but had decided the matter only on the view that a revised return could not enhance the value of fixed assets beyond the post-acquisition figures in the balance sheet. Because no findings were returned on the allowability of depreciation, the effect of the rehabilitation scheme, or the character of the payment represented by issue of shares, the High Court found it inappropriate to decide those questions itself. The matter was therefore remitted to the Tribunal for fresh adjudication of the appeals after hearing the parties, and the maintainability objection to the rectification proceedings was left open. en-us Tue, 09 Sep 2014 00:00:00 +0530 Wed, 17 Sep 2014 15:36:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251524 The Tribunal had not adjudicated the merits of the depreciation claim, but had decided the matter only on the view that a revised return could not enhance the value of fixed assets beyond the post-acquisition figures in the balance sheet. Because no findings were returned on the allowability of depreciation, the effect of the rehabilitation scheme, or the character of the payment represented by issue of shares, the High Court found it inappropriate to decide those questions itself. The matter was therefore remitted to the Tribunal for fresh adjudication of the appeals after hearing the parties, and the maintainability objection to the rectification proceedings was left open. Case-Laws Income Tax Tue, 09 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251524