https://www.taxtmi.com/caselaws?id=179171 The HC dismissed the appeal under section 260A of the Income-tax Act, 1961, affirming the ITAT's decision for the assessment year 2000-01. The Tribunal allowed the assessee to claim depreciation on a Written Down Value (WDV) basis, noting compliance with statutory requirements before the due date for filing returns. The Tribunal also dismissed the substantial question of law regarding the examination of the deduction claim by the Assessing Officer, finding no perversity. The issue of disallowance of exaggerated profit of the captive power generating unit was conceded by the revenue, leading to its exclusion from further discussion. en-us Tue, 02 Sep 2008 00:00:00 +0530 Fri, 21 Feb 2025 13:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179171 The HC dismissed the appeal under section 260A of the Income-tax Act, 1961, affirming the ITAT's decision for the assessment year 2000-01. The Tribunal allowed the assessee to claim depreciation on a Written Down Value (WDV) basis, noting compliance with statutory requirements before the due date for filing returns. The Tribunal also dismissed the substantial question of law regarding the examination of the deduction claim by the Assessing Officer, finding no perversity. The issue of disallowance of exaggerated profit of the captive power generating unit was conceded by the revenue, leading to its exclusion from further discussion. Case-Laws Income Tax Tue, 02 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179171