https://www.taxtmi.com/caselaws?id=186916 The Tribunal upheld the ld. CIT(A)'s decision to allow depreciation on project assets, dismissing the Revenue's appeals for assessment years 2002-03, 03-04, and 04-05. The Department's challenge against the depreciation allowance was unsuccessful, as they failed to demonstrate any High Court reversal of the ITAT decision supporting the depreciation claim. Consequently, the amortization issue regarding project cost was deemed irrelevant and dismissed for statistical purposes. en-us Tue, 30 Nov 2010 00:00:00 +0530 Tue, 04 Oct 2016 14:33:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186916 The Tribunal upheld the ld. CIT(A)'s decision to allow depreciation on project assets, dismissing the Revenue's appeals for assessment years 2002-03, 03-04, and 04-05. The Department's challenge against the depreciation allowance was unsuccessful, as they failed to demonstrate any High Court reversal of the ITAT decision supporting the depreciation claim. Consequently, the amortization issue regarding project cost was deemed irrelevant and dismissed for statistical purposes. Case-Laws Income Tax Tue, 30 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186916