https://www.taxtmi.com/caselaws?id=180099 The Court upheld the decision of the Income Tax Appellate Tribunal, ruling in favor of the revenue. The disallowance of depreciation on a boiler shared with sister concerns was upheld under Section 38(2) of the Income Tax Act, 1961, as the boiler was not exclusively used for business by the assessee. The Court distinguished previous decisions involving exclusive business use and dismissed the appeal, finding no substantial question of law. en-us Thu, 10 Jul 2008 00:00:00 +0530 Wed, 16 Mar 2016 15:25:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180099 The Court upheld the decision of the Income Tax Appellate Tribunal, ruling in favor of the revenue. The disallowance of depreciation on a boiler shared with sister concerns was upheld under Section 38(2) of the Income Tax Act, 1961, as the boiler was not exclusively used for business by the assessee. The Court distinguished previous decisions involving exclusive business use and dismissed the appeal, finding no substantial question of law. Case-Laws Income Tax Thu, 10 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180099