https://www.taxtmi.com/caselaws?id=271075 The Tribunal allowed the appeals, determining that the assessee was entitled to claim depreciation on assets, classify income from the sale of insurance-related books as business income, and deduct specific business expenses. The Tribunal's decision was based on the principle that assets available for use, even if not actively used, qualify for depreciation, and that the assessee's activities were consistent with carrying on a business. The appeals were thus decided in favor of the assessee. en-us Mon, 18 Jan 2016 00:00:00 +0530 Mon, 25 Jan 2016 09:06:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271075 The Tribunal allowed the appeals, determining that the assessee was entitled to claim depreciation on assets, classify income from the sale of insurance-related books as business income, and deduct specific business expenses. The Tribunal's decision was based on the principle that assets available for use, even if not actively used, qualify for depreciation, and that the assessee's activities were consistent with carrying on a business. The appeals were thus decided in favor of the assessee. Case-Laws Income Tax Mon, 18 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271075