https://www.taxtmi.com/caselaws?id=181595 The Tribunal set aside the disallowances of expenses made by the Assessing Officer and remanded the matter back for reassessment, considering past results and providing the assessee an opportunity to be heard. The Tribunal also directed a reassessment of depreciation claims. Both the primary and additional grounds raised by the assessee were allowed, resulting in the appeal being allowed. The Assessing Officer was instructed to estimate profit and depreciation in accordance with the Tribunal's instructions. en-us Thu, 30 Sep 2010 00:00:00 +0530 Wed, 06 Sep 2023 18:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181595 The Tribunal set aside the disallowances of expenses made by the Assessing Officer and remanded the matter back for reassessment, considering past results and providing the assessee an opportunity to be heard. The Tribunal also directed a reassessment of depreciation claims. Both the primary and additional grounds raised by the assessee were allowed, resulting in the appeal being allowed. The Assessing Officer was instructed to estimate profit and depreciation in accordance with the Tribunal's instructions. Case-Laws Income Tax Thu, 30 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181595