https://www.taxtmi.com/caselaws?id=268820 The Tribunal upheld the CIT(A)'s decision to allow the additional depreciation claimed on new plant and machineries by the assessee engaged in embroidery job work, considering it as manufacturing activity eligible for the depreciation benefit. The Assessing Officer's disallowance was deemed unjustified as no new evidence was presented to warrant a different outcome, emphasizing the importance of adhering to established judicial decisions and judicial discipline in tax assessments. The Revenue's appeal was dismissed, affirming the CIT(A)'s order. en-us Wed, 16 Sep 2015 00:00:00 +0530 Wed, 02 Dec 2015 22:20:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268820 The Tribunal upheld the CIT(A)'s decision to allow the additional depreciation claimed on new plant and machineries by the assessee engaged in embroidery job work, considering it as manufacturing activity eligible for the depreciation benefit. The Assessing Officer's disallowance was deemed unjustified as no new evidence was presented to warrant a different outcome, emphasizing the importance of adhering to established judicial decisions and judicial discipline in tax assessments. The Revenue's appeal was dismissed, affirming the CIT(A)'s order. Case-Laws Income Tax Wed, 16 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268820