https://www.taxtmi.com/caselaws?id=187605 The High Court upheld the Tribunal's decision regarding the claim of increased depreciation during reassessment proceedings, citing that matters not raised in the original assessment cannot be raised in reassessment unless related to escaped income. The Court confirmed that the revenue did not appeal this order. Additionally, the Court ruled against the revenue on the issue of interest charged under Section 234B of the Income-tax Act, stating that the assessee was not liable to pay advance tax due to the original assessment being at 'nil' income, and therefore, the provisions of Section 234B could not be invoked. en-us Thu, 20 Sep 2007 00:00:00 +0530 Fri, 28 Oct 2016 12:52:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187605 The High Court upheld the Tribunal's decision regarding the claim of increased depreciation during reassessment proceedings, citing that matters not raised in the original assessment cannot be raised in reassessment unless related to escaped income. The Court confirmed that the revenue did not appeal this order. Additionally, the Court ruled against the revenue on the issue of interest charged under Section 234B of the Income-tax Act, stating that the assessee was not liable to pay advance tax due to the original assessment being at 'nil' income, and therefore, the provisions of Section 234B could not be invoked. Case-Laws Income Tax Thu, 20 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187605