https://www.taxtmi.com/caselaws?id=257776 The High Court of Bombay upheld the Tribunal's decision, dismissing the revenue's appeal under Section 260A of the Income Tax Act for the Assessment Year 2005-06. The appeal concerned the disallowance of depreciation on nonperforming assets and the set off of profit on the sale of depreciable assets against long term capital gain. The Court affirmed the Tribunal's rulings based on established legal precedents, concluding that no substantial question of law was raised by the appellant, resulting in the appeal being dismissed. en-us Mon, 09 Mar 2015 00:00:00 +0530 Sat, 21 Mar 2015 11:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257776 The High Court of Bombay upheld the Tribunal's decision, dismissing the revenue's appeal under Section 260A of the Income Tax Act for the Assessment Year 2005-06. The appeal concerned the disallowance of depreciation on nonperforming assets and the set off of profit on the sale of depreciable assets against long term capital gain. The Court affirmed the Tribunal's rulings based on established legal precedents, concluding that no substantial question of law was raised by the appellant, resulting in the appeal being dismissed. Case-Laws Income Tax Mon, 09 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257776