https://www.taxtmi.com/caselaws?id=254992 The Tribunal partially allowed the appeal, modifying the CIT's order to focus solely on the allowability of depreciation on two dredgers. The Tribunal upheld the validity of the order passed under section 263 but clarified that the assessment order was not erroneous regarding the applicability of section 40(a)(ia) on equipment contractual charges. en-us Wed, 15 Oct 2014 00:00:00 +0530 Tue, 06 Jan 2015 10:12:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254992 The Tribunal partially allowed the appeal, modifying the CIT's order to focus solely on the allowability of depreciation on two dredgers. The Tribunal upheld the validity of the order passed under section 263 but clarified that the assessment order was not erroneous regarding the applicability of section 40(a)(ia) on equipment contractual charges. Case-Laws Income Tax Wed, 15 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254992