https://www.taxtmi.com/caselaws?id=251797 The High Court dismissed the appeal, upholding the decisions of the lower authorities. The Court found that the adjustments made by the Assessing Officer under Section 143(1)(a) regarding the depreciation on cylinders were beyond the scope of the Act. The Court emphasized that the issues surrounding the depreciation claimed on cylinders were debatable, and therefore, the adjustments were not permissible under Section 143(1)(a). The judgment favored the Respondent-assessee, and no costs were awarded in the case. en-us Wed, 13 Aug 2014 00:00:00 +0530 Mon, 29 Sep 2014 07:58:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251797 The High Court dismissed the appeal, upholding the decisions of the lower authorities. The Court found that the adjustments made by the Assessing Officer under Section 143(1)(a) regarding the depreciation on cylinders were beyond the scope of the Act. The Court emphasized that the issues surrounding the depreciation claimed on cylinders were debatable, and therefore, the adjustments were not permissible under Section 143(1)(a). The judgment favored the Respondent-assessee, and no costs were awarded in the case. Case-Laws Income Tax Wed, 13 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251797