https://www.taxtmi.com/caselaws?id=267033 The High Court allowed the appeal, permitting depreciation on assets inclusive of gratuity liability. It recognized the need for the Supreme Court to reassess the issue, emphasizing the consideration of liabilities in asset cost for depreciation, despite being bound by the Supreme Court's stance. The Court acknowledged the arguments regarding the nature of liabilities incurred for asset acquisition but maintained adherence to the Supreme Court's precedent. en-us Mon, 09 Feb 2015 00:00:00 +0530 Wed, 28 Oct 2015 15:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267033 The High Court allowed the appeal, permitting depreciation on assets inclusive of gratuity liability. It recognized the need for the Supreme Court to reassess the issue, emphasizing the consideration of liabilities in asset cost for depreciation, despite being bound by the Supreme Court's stance. The Court acknowledged the arguments regarding the nature of liabilities incurred for asset acquisition but maintained adherence to the Supreme Court's precedent. Case-Laws Income Tax Mon, 09 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267033