https://www.taxtmi.com/caselaws?id=255281 The Court dismissed the Revenue's appeal against the Income Tax Appellate Tribunal's decision for the Assessment Year 2007-08. The main issue revolved around the allowance of depreciation on assets previously deducted as expenses, potentially leading to double deduction. The Tribunal upheld the Assessee's depreciation claim, citing relevant precedents and emphasizing consistency in legal interpretations. The Court found no substantial question of law, referencing past decisions and dismissing the appeal without costs. en-us Wed, 10 Dec 2014 00:00:00 +0530 Mon, 12 Jan 2015 09:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255281 The Court dismissed the Revenue's appeal against the Income Tax Appellate Tribunal's decision for the Assessment Year 2007-08. The main issue revolved around the allowance of depreciation on assets previously deducted as expenses, potentially leading to double deduction. The Tribunal upheld the Assessee's depreciation claim, citing relevant precedents and emphasizing consistency in legal interpretations. The Court found no substantial question of law, referencing past decisions and dismissing the appeal without costs. Case-Laws Income Tax Wed, 10 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255281