https://www.taxtmi.com/caselaws?id=268570 The appeal was decided in favor of the appellant-assessee on the taxability of alleged income from Advance Licence Benefit Receivable for the Assessment year 1994-95, following a precedent set by the Supreme Court. However, on the computation of depreciation for deduction under sections 80I and 80IA of the Income Tax Act, the decision favored the respondent-revenue based on a previous court ruling. Regarding the justification of thrusting depreciation on all block of assets without a claim, the appellant-assessee prevailed, citing a decision by the Gujarat High Court. The appeal was disposed of without any costs awarded. en-us Thu, 29 Oct 2015 00:00:00 +0530 Fri, 27 Nov 2015 23:51:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268570 The appeal was decided in favor of the appellant-assessee on the taxability of alleged income from Advance Licence Benefit Receivable for the Assessment year 1994-95, following a precedent set by the Supreme Court. However, on the computation of depreciation for deduction under sections 80I and 80IA of the Income Tax Act, the decision favored the respondent-revenue based on a previous court ruling. Regarding the justification of thrusting depreciation on all block of assets without a claim, the appellant-assessee prevailed, citing a decision by the Gujarat High Court. The appeal was disposed of without any costs awarded. Case-Laws Income Tax Thu, 29 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268570