https://www.taxtmi.com/caselaws?id=10425 The High Court of Andhra Pradesh upheld the Income-tax Appellate Tribunal's decision to disallow the initial depreciation claim under section 32(1)(iv) of the Income-tax Act for the assessment year 1985-86. The claim was denied as the employees residing in the allotted quarters were found to be earning more than the specified salary limit. The court emphasized the requirement that buildings must be occupied only by employees meeting the salary criteria outlined in the provision. This case underscores the importance of meeting specific statutory conditions to claim deductions and ensuring compliance with tax laws. en-us Wed, 15 Dec 2004 00:00:00 +0530 Wed, 15 Jul 2009 17:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10425 The High Court of Andhra Pradesh upheld the Income-tax Appellate Tribunal's decision to disallow the initial depreciation claim under section 32(1)(iv) of the Income-tax Act for the assessment year 1985-86. The claim was denied as the employees residing in the allotted quarters were found to be earning more than the specified salary limit. The court emphasized the requirement that buildings must be occupied only by employees meeting the salary criteria outlined in the provision. This case underscores the importance of meeting specific statutory conditions to claim deductions and ensuring compliance with tax laws. Case-Laws Income Tax Wed, 15 Dec 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10425