https://www.taxtmi.com/caselaws?id=188363 The Tribunal set aside the Assessing Authority's decision to reject depreciation claim based on inflated equipment values, directing a re-examination to align sale invoice value with actual market value. The Tribunal emphasized verifying supplier information and assessing market price independently. The decision clarified that the remand allowed Assessing Authority discretion to evaluate sale value using relevant materials. en-us Mon, 16 Jul 2012 00:00:00 +0530 Mon, 28 Nov 2016 14:47:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188363 The Tribunal set aside the Assessing Authority's decision to reject depreciation claim based on inflated equipment values, directing a re-examination to align sale invoice value with actual market value. The Tribunal emphasized verifying supplier information and assessing market price independently. The decision clarified that the remand allowed Assessing Authority discretion to evaluate sale value using relevant materials. Case-Laws Income Tax Mon, 16 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188363