https://www.taxtmi.com/caselaws?id=191798 The High Court set aside the ITAT's decision on the deletion of additions made by the AO for depreciation claimed by the Assessee, remanding the issue for further consideration on whether the Assessee's units were operational and if the assets claimed for depreciation were utilized. Regarding the claim of Quarry Development Expenditure as revenue expenditure, the Court upheld the decisions of the CIT(A) and ITAT, finding no legal flaw and disposing of the appeals solely for a fresh decision on the depreciation claimed by the Assessee. en-us Tue, 22 Sep 2015 00:00:00 +0530 Mon, 24 Apr 2017 13:12:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191798 The High Court set aside the ITAT's decision on the deletion of additions made by the AO for depreciation claimed by the Assessee, remanding the issue for further consideration on whether the Assessee's units were operational and if the assets claimed for depreciation were utilized. Regarding the claim of Quarry Development Expenditure as revenue expenditure, the Court upheld the decisions of the CIT(A) and ITAT, finding no legal flaw and disposing of the appeals solely for a fresh decision on the depreciation claimed by the Assessee. Case-Laws Income Tax Tue, 22 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191798