https://www.taxtmi.com/caselaws?id=347733 The Tribunal upheld the disallowance of depreciation amounting to Rs. 27,09,294 for assets of the amalgamated company, citing the BIFR order and Section 72A of the Income Tax Act, 1961. The decision was supported by the overriding effect of Section 72A on other provisions, leading to the inadmissibility of the claimed depreciation. The appeals were dismissed without costs as the Tribunal found no error in the decision. en-us Thu, 07 Sep 2017 00:00:00 +0530 Sat, 18 Nov 2017 14:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347733 The Tribunal upheld the disallowance of depreciation amounting to Rs. 27,09,294 for assets of the amalgamated company, citing the BIFR order and Section 72A of the Income Tax Act, 1961. The decision was supported by the overriding effect of Section 72A on other provisions, leading to the inadmissibility of the claimed depreciation. The appeals were dismissed without costs as the Tribunal found no error in the decision. Case-Laws Income Tax Thu, 07 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347733