https://www.taxtmi.com/caselaws?id=352741 The Supreme Court upheld the High Court's decision to grant relief to the appellant for depreciation write-back. The Court emphasized the importance of allowing the assessee to write back depreciation for the relevant year and preceding years, ensuring no surprise disallowances after consistent allowance. The assessing officer was directed to adjust the assessment, permitting the recomputed income with written-back depreciation to be carried forward for subsequent years for charitable purposes. The Court dismissed the appeal, affirming the High Court's ruling and relief granted to the appellant, without finding justification for interference. en-us Tue, 12 Dec 2017 00:00:00 +0530 Wed, 20 Dec 2017 08:46:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352741 The Supreme Court upheld the High Court's decision to grant relief to the appellant for depreciation write-back. The Court emphasized the importance of allowing the assessee to write back depreciation for the relevant year and preceding years, ensuring no surprise disallowances after consistent allowance. The assessing officer was directed to adjust the assessment, permitting the recomputed income with written-back depreciation to be carried forward for subsequent years for charitable purposes. The Court dismissed the appeal, affirming the High Court's ruling and relief granted to the appellant, without finding justification for interference. Case-Laws Income Tax Tue, 12 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352741