https://www.taxtmi.com/caselaws?id=256018 The court allowed the appeal, setting aside the Tribunal's order. The court ruled in favor of the assessee on all issues, including the withdrawal of investment allowance and previously granted depreciation, as well as the enhancement of income by the Tribunal. The court held that the conditions for withdrawal of investment allowance were not met, assets depreciated at 100% were not taxable under Section 41(1), and unproven transactions could not justify income enhancement. en-us Tue, 23 Dec 2014 00:00:00 +0530 Mon, 02 Feb 2015 11:21:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256018 The court allowed the appeal, setting aside the Tribunal's order. The court ruled in favor of the assessee on all issues, including the withdrawal of investment allowance and previously granted depreciation, as well as the enhancement of income by the Tribunal. The court held that the conditions for withdrawal of investment allowance were not met, assets depreciated at 100% were not taxable under Section 41(1), and unproven transactions could not justify income enhancement. Case-Laws Income Tax Tue, 23 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256018