https://www.taxtmi.com/caselaws?id=169569 The Appellate Tribunal upheld the allowance of depreciation claimed as application of income and the carry forward of excess application set off against future income. The Tribunal rejected the Revenue's contentions, affirming the lower authorities' orders based on legal interpretations and precedents cited during the proceedings. en-us Tue, 28 Jan 2014 00:00:00 +0530 Tue, 28 Oct 2014 18:37:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169569 The Appellate Tribunal upheld the allowance of depreciation claimed as application of income and the carry forward of excess application set off against future income. The Tribunal rejected the Revenue's contentions, affirming the lower authorities' orders based on legal interpretations and precedents cited during the proceedings. Case-Laws Income Tax Tue, 28 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=169569