https://www.taxtmi.com/caselaws?id=266586 The appeal was partly allowed for statistical purposes. The Tribunal directed the Assessing Officer to calculate depreciation based on the written down value as per the judgment of the Hon'ble Madras High Court. Additionally, the issue of setting off brought forward losses was remanded to the CIT(A) for proper consideration. The decision emphasized the significance of valid claims and proper adjudication in tax assessments to ensure fair treatment for the assessee. en-us Fri, 12 Jun 2015 00:00:00 +0530 Tue, 20 Oct 2015 19:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266586 The appeal was partly allowed for statistical purposes. The Tribunal directed the Assessing Officer to calculate depreciation based on the written down value as per the judgment of the Hon'ble Madras High Court. Additionally, the issue of setting off brought forward losses was remanded to the CIT(A) for proper consideration. The decision emphasized the significance of valid claims and proper adjudication in tax assessments to ensure fair treatment for the assessee. Case-Laws Income Tax Fri, 12 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266586