https://www.taxtmi.com/caselaws?id=271901 The High Court concluded that the issue regarding the admissibility of the depreciation claim on the revaluation of investments did not raise any substantial question of law as it was settled by precedent cases and the respondent's consistent accounting method. The Court upheld the decision of the Commissioner of Income Tax (Appeals) and dismissed the Assessing Officer's disallowance of the depreciation claim. The appeal will proceed for final hearing on the previously admitted questions (4, 5, and 7). en-us Mon, 08 Feb 2016 00:00:00 +0530 Sat, 20 Feb 2016 15:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271901 The High Court concluded that the issue regarding the admissibility of the depreciation claim on the revaluation of investments did not raise any substantial question of law as it was settled by precedent cases and the respondent's consistent accounting method. The Court upheld the decision of the Commissioner of Income Tax (Appeals) and dismissed the Assessing Officer's disallowance of the depreciation claim. The appeal will proceed for final hearing on the previously admitted questions (4, 5, and 7). Case-Laws Income Tax Mon, 08 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271901