https://www.taxtmi.com/caselaws?id=169558 The appeal was allowed for statistical purposes, and the matter was remanded to the Assessing Officer for further evaluation. The decision underscored the significance of verifying the actual usage of the property to ascertain the applicability of depreciation and the eligibility for deduction under section 50(1)(iii) based on whether the property was utilized for business purposes. en-us Wed, 31 Jul 2013 00:00:00 +0530 Fri, 17 Apr 2015 13:04:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169558 The appeal was allowed for statistical purposes, and the matter was remanded to the Assessing Officer for further evaluation. The decision underscored the significance of verifying the actual usage of the property to ascertain the applicability of depreciation and the eligibility for deduction under section 50(1)(iii) based on whether the property was utilized for business purposes. Case-Laws Income Tax Wed, 31 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=169558