https://www.taxtmi.com/caselaws?id=269925 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decisions regarding excess depreciation claimed by the assessee and the addition made on account of gratuity payment. The Tribunal found that the apportionment made by the Assessing Officer regarding depreciation was unjustified, as the assessee had correctly deducted the sale proceeds from the building block. Additionally, the Tribunal confirmed that the gratuity payment was a valid expense as it was actually incurred and recorded properly in the books of account, leading to the dismissal of the Revenue's appeal on both issues. en-us Fri, 16 Oct 2015 00:00:00 +0530 Thu, 24 Dec 2015 10:10:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269925 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decisions regarding excess depreciation claimed by the assessee and the addition made on account of gratuity payment. The Tribunal found that the apportionment made by the Assessing Officer regarding depreciation was unjustified, as the assessee had correctly deducted the sale proceeds from the building block. Additionally, the Tribunal confirmed that the gratuity payment was a valid expense as it was actually incurred and recorded properly in the books of account, leading to the dismissal of the Revenue's appeal on both issues. Case-Laws Income Tax Fri, 16 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269925