https://www.taxtmi.com/caselaws?id=3147 The court upheld the Tribunal's decision that an assessee has the option not to claim depreciation, as it is a benefit meant for them and cannot be enforced against their will. Relying on established legal principles and precedents, the court dismissed the appeal, emphasizing that the provision for claiming depreciation is for the assessee's advantage. The judgment reaffirmed that depreciation cannot be imposed on the assessee, in line with the Supreme Court's ruling and previous decisions, ultimately ruling in favor of the assessee for the assessment year in question. en-us Tue, 13 Mar 2007 00:00:00 +0530 Tue, 14 Jun 2011 04:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3147 The court upheld the Tribunal's decision that an assessee has the option not to claim depreciation, as it is a benefit meant for them and cannot be enforced against their will. Relying on established legal principles and precedents, the court dismissed the appeal, emphasizing that the provision for claiming depreciation is for the assessee's advantage. The judgment reaffirmed that depreciation cannot be imposed on the assessee, in line with the Supreme Court's ruling and previous decisions, ultimately ruling in favor of the assessee for the assessment year in question. Case-Laws Income Tax Tue, 13 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3147