https://www.taxtmi.com/caselaws?id=182410 The High Court remitted the matter back to the Tribunal to determine whether Ready Mix Concrete (RMC) was sold to third parties or used in-house for construction activities, crucial for claiming additional depreciation under Section 32(1)(iia) of the Income Tax Act. The Tribunal admitted additional evidence submitted by the assessee for verification by the Assessing Officer, following which the appeals for multiple assessment years were restored to the AO for examination. The AO was directed to allow additional depreciation based on factual findings and the Supreme Court's decision, with the appeals deemed allowed for statistical purposes on this limited issue. en-us Fri, 23 Jan 2015 00:00:00 +0530 Mon, 09 May 2016 23:53:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182410 The High Court remitted the matter back to the Tribunal to determine whether Ready Mix Concrete (RMC) was sold to third parties or used in-house for construction activities, crucial for claiming additional depreciation under Section 32(1)(iia) of the Income Tax Act. The Tribunal admitted additional evidence submitted by the assessee for verification by the Assessing Officer, following which the appeals for multiple assessment years were restored to the AO for examination. The AO was directed to allow additional depreciation based on factual findings and the Supreme Court's decision, with the appeals deemed allowed for statistical purposes on this limited issue. Case-Laws Income Tax Fri, 23 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182410