https://www.taxtmi.com/caselaws?id=173262 The court partially allowed the departmental appeal for statistical purposes and dismissed the Cross Objection of the assessee. The issues concerning the disallowance of depreciation and the restriction of rent received were sent back to the CIT(A) for fresh adjudication. Condonation of delay in filing the Cross Objection was granted due to valid reasons. The deletion of addition on account of folding charges and the restriction of unaccounted job work charges were upheld, emphasizing the genuineness and necessity of the expenses. en-us Fri, 13 May 2011 00:00:00 +0530 Fri, 11 Sep 2015 11:40:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173262 The court partially allowed the departmental appeal for statistical purposes and dismissed the Cross Objection of the assessee. The issues concerning the disallowance of depreciation and the restriction of rent received were sent back to the CIT(A) for fresh adjudication. Condonation of delay in filing the Cross Objection was granted due to valid reasons. The deletion of addition on account of folding charges and the restriction of unaccounted job work charges were upheld, emphasizing the genuineness and necessity of the expenses. Case-Laws Income Tax Fri, 13 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173262