https://www.taxtmi.com/caselaws?id=253624 The High Court ruled in favor of the appellant, rejecting the Tribunal's interpretation that ownership was contingent on payment. The judgment emphasized the significance of delivery under the Sale of Goods Act, 1930, in determining ownership for depreciation claims. The Court dismissed the notion of a conditional sale agreement due to the absence of contractual evidence, ultimately allowing the appellant's claim for 100% depreciation based on the delivery date. en-us Mon, 17 Nov 2014 00:00:00 +0530 Sat, 29 Nov 2014 15:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253624 The High Court ruled in favor of the appellant, rejecting the Tribunal's interpretation that ownership was contingent on payment. The judgment emphasized the significance of delivery under the Sale of Goods Act, 1930, in determining ownership for depreciation claims. The Court dismissed the notion of a conditional sale agreement due to the absence of contractual evidence, ultimately allowing the appellant's claim for 100% depreciation based on the delivery date. Case-Laws Income Tax Mon, 17 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253624