https://www.taxtmi.com/caselaws?id=338071 The Tribunal's decision to uphold the deletion of adjustments made by the Assessing Officer regarding arrears of depreciation for Assessment Years 2000-01 and 2001-02 under Section 115JB was deemed appropriate. The Tribunal relied on legal precedents and the Supreme Court's ruling in a similar case to support its decision. The Revenue's arguments on the applicability of a specific clause were considered irrelevant and inadmissible due to not being raised before lower authorities. Consequently, the appeal was dismissed without costs, emphasizing the importance of adhering to statutory requirements and legal interpretations in tax assessment matters. en-us Mon, 16 Jan 2017 00:00:00 +0530 Mon, 23 Jan 2017 18:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338071 The Tribunal's decision to uphold the deletion of adjustments made by the Assessing Officer regarding arrears of depreciation for Assessment Years 2000-01 and 2001-02 under Section 115JB was deemed appropriate. The Tribunal relied on legal precedents and the Supreme Court's ruling in a similar case to support its decision. The Revenue's arguments on the applicability of a specific clause were considered irrelevant and inadmissible due to not being raised before lower authorities. Consequently, the appeal was dismissed without costs, emphasizing the importance of adhering to statutory requirements and legal interpretations in tax assessment matters. Case-Laws Income Tax Mon, 16 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338071