https://www.taxtmi.com/caselaws?id=178287 The Learned Commissioner of Income Tax (Appeals), Valsad, upheld the depreciation determined by the Assessing Officer at Rs. 1,36,23,238/- instead of the claimed Rs. 1,46,57,811/- by the appellant. Despite the appellant's non-claim of depreciation for the years 1996-97 to 2000-2001 and the claim for the first time in 2001-2002, the Commissioner upheld the AO's decision. The Commissioner also applied the Bombay High Court judgment in Indian Rayon Corporation Limited vs. CIT and disregarded the Supreme Court judgment in CIT vs. Mahendra Mills. Ultimately, the appellant's claim for depreciation was not allowed by the Commissioner. en-us Mon, 12 Apr 2010 00:00:00 +0530 Mon, 01 Feb 2016 16:43:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178287 The Learned Commissioner of Income Tax (Appeals), Valsad, upheld the depreciation determined by the Assessing Officer at Rs. 1,36,23,238/- instead of the claimed Rs. 1,46,57,811/- by the appellant. Despite the appellant's non-claim of depreciation for the years 1996-97 to 2000-2001 and the claim for the first time in 2001-2002, the Commissioner upheld the AO's decision. The Commissioner also applied the Bombay High Court judgment in Indian Rayon Corporation Limited vs. CIT and disregarded the Supreme Court judgment in CIT vs. Mahendra Mills. Ultimately, the appellant's claim for depreciation was not allowed by the Commissioner. Case-Laws Income Tax Mon, 12 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178287