https://www.taxtmi.com/caselaws?id=12940 The Appellate Tribunal upheld the company's higher depreciation claim, dismissing the Revenue's appeal. The Tribunal found the company's disclosure and justification for higher depreciation to be bona fide and based on technological evaluation, emphasizing the importance of proper disclosure and bona fide justifications for deviations from statutory depreciation rates. The appeal was ultimately dismissed based on the Tribunal's reasoning, highlighting the significance of factual context in determining the applicability of tax laws and company regulations. en-us Wed, 27 Dec 2000 00:00:00 +0530 Mon, 25 May 2009 13:55:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12940 The Appellate Tribunal upheld the company's higher depreciation claim, dismissing the Revenue's appeal. The Tribunal found the company's disclosure and justification for higher depreciation to be bona fide and based on technological evaluation, emphasizing the importance of proper disclosure and bona fide justifications for deviations from statutory depreciation rates. The appeal was ultimately dismissed based on the Tribunal's reasoning, highlighting the significance of factual context in determining the applicability of tax laws and company regulations. Case-Laws Income Tax Wed, 27 Dec 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12940