https://www.taxtmi.com/caselaws?id=340732 The ITAT partially allowed the assessee's appeal, directing the Assessing Officer to adjust depreciation against income from other sources, leading to a revised determination of taxable income. The ITAT emphasized the correct application of tax laws, allowing the depreciation claimed on the loader to be deducted from rental income. The decision was pronounced on 21/03/2017. en-us Tue, 21 Mar 2017 00:00:00 +0530 Sat, 25 Mar 2017 09:28:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340732 The ITAT partially allowed the assessee's appeal, directing the Assessing Officer to adjust depreciation against income from other sources, leading to a revised determination of taxable income. The ITAT emphasized the correct application of tax laws, allowing the depreciation claimed on the loader to be deducted from rental income. The decision was pronounced on 21/03/2017. Case-Laws Income Tax Tue, 21 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340732