https://www.taxtmi.com/caselaws?id=344852 The Tribunal dismissed the Revenue's appeal, confirming the CIT(A)'s decision to allow the assessee's deduction under Section 80-IA and claimed depreciation under Section 32 of the Income Tax Act, 1961. The Tribunal emphasized the importance of following jurisdictional High Court rulings and determining the actual cost based on market value, rejecting the Revenue's contentions on both issues. en-us Tue, 16 May 2017 00:00:00 +0530 Sat, 01 Jul 2017 14:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344852 The Tribunal dismissed the Revenue's appeal, confirming the CIT(A)'s decision to allow the assessee's deduction under Section 80-IA and claimed depreciation under Section 32 of the Income Tax Act, 1961. The Tribunal emphasized the importance of following jurisdictional High Court rulings and determining the actual cost based on market value, rejecting the Revenue's contentions on both issues. Case-Laws Income Tax Tue, 16 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344852