https://www.taxtmi.com/caselaws?id=350579 The ITAT allowed the appeal for statistical purposes, directing a reassessment based on specific provisions of the Income Tax Act. The dispute over long-term capital gain on a building sale centered on depreciation claims, cost indexation eligibility, and tax recalculations. The ITAT instructed reevaluation of depreciation claims by the predecessor company to determine the nature of capital gain, emphasizing adherence to legal provisions for accurate tax assessment under the Income Tax Act. en-us Wed, 11 Oct 2017 00:00:00 +0530 Wed, 08 Nov 2017 11:52:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350579 The ITAT allowed the appeal for statistical purposes, directing a reassessment based on specific provisions of the Income Tax Act. The dispute over long-term capital gain on a building sale centered on depreciation claims, cost indexation eligibility, and tax recalculations. The ITAT instructed reevaluation of depreciation claims by the predecessor company to determine the nature of capital gain, emphasizing adherence to legal provisions for accurate tax assessment under the Income Tax Act. Case-Laws Income Tax Wed, 11 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350579