https://www.taxtmi.com/caselaws?id=261845 The High Court upheld the decision of the Income Tax Appellate Tribunal and Commissioner of Income Tax (Appeals) regarding the disallowance of depreciation claimed by the Assessee for the Assessment Year 2007-2008. Relying on legal precedents, including the Supreme Court judgment in Escorts Limited v/s Union of India, the High Court found no substantial question of law in the Appeal and dismissed it without costs. The court emphasized the importance of consistency in applying established legal principles to similar cases. en-us Fri, 12 Sep 2014 00:00:00 +0530 Fri, 24 Jul 2015 15:33:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261845 The High Court upheld the decision of the Income Tax Appellate Tribunal and Commissioner of Income Tax (Appeals) regarding the disallowance of depreciation claimed by the Assessee for the Assessment Year 2007-2008. Relying on legal precedents, including the Supreme Court judgment in Escorts Limited v/s Union of India, the High Court found no substantial question of law in the Appeal and dismissed it without costs. The court emphasized the importance of consistency in applying established legal principles to similar cases. Case-Laws Income Tax Fri, 12 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261845