https://www.taxtmi.com/caselaws?id=253497 The High Court upheld the Income-tax Appellate Tribunal's decision to allow depreciation on gas toner at a rate of 100% instead of the 25% rate granted by the Assessing Officer. The Court dismissed the Revenue's appeals in Tax Appeal No. 1894/2005 and Tax Appeal No. 1896/2005, citing legal precedents and judgments supporting the tribunal's stance in favor of the assessee. The Tribunal's decision was affirmed based on previous decisions and a High Court ruling, resulting in the rejection of the Revenue's challenges. en-us Thu, 13 Nov 2014 00:00:00 +0530 Tue, 25 Nov 2014 10:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253497 The High Court upheld the Income-tax Appellate Tribunal's decision to allow depreciation on gas toner at a rate of 100% instead of the 25% rate granted by the Assessing Officer. The Court dismissed the Revenue's appeals in Tax Appeal No. 1894/2005 and Tax Appeal No. 1896/2005, citing legal precedents and judgments supporting the tribunal's stance in favor of the assessee. The Tribunal's decision was affirmed based on previous decisions and a High Court ruling, resulting in the rejection of the Revenue's challenges. Case-Laws Income Tax Thu, 13 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253497