https://www.taxtmi.com/caselaws?id=259397 The Court upheld the decision of the ITAT in permitting depreciation for the assessment year 2009-10, rejecting the revenue's challenge. The assessee's claim for depreciation on machinery used for online lottery services was supported by evidence of ownership from past assessments and a sub-distributor's confirmation. The Court found no substantial question of law in the case, affirming the ITAT's decision based on the assets being part of the business block and used for business purposes. en-us Wed, 22 Apr 2015 00:00:00 +0530 Sat, 09 May 2015 11:20:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259397 The Court upheld the decision of the ITAT in permitting depreciation for the assessment year 2009-10, rejecting the revenue's challenge. The assessee's claim for depreciation on machinery used for online lottery services was supported by evidence of ownership from past assessments and a sub-distributor's confirmation. The Court found no substantial question of law in the case, affirming the ITAT's decision based on the assets being part of the business block and used for business purposes. Case-Laws Income Tax Wed, 22 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259397