https://www.taxtmi.com/caselaws?id=13490 The High Court, Punjab and Haryana, allowed an appeal challenging the Income-tax Appellate Tribunal's order denying the appellant to raise an additional ground of appeal related to depreciation calculation and taxable income. The Court directed the Tribunal to consider the additional ground under rule 11 of the Appellate Tribunal Rules, 1963, emphasizing that the Tribunal has the discretion to allow new grounds if necessary for correctly assessing tax liability. The impugned Tribunal order was set aside, and the Tribunal was instructed to address the additional ground in accordance with the law. en-us Fri, 19 Jan 2007 00:00:00 +0530 Fri, 29 May 2009 11:57:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13490 The High Court, Punjab and Haryana, allowed an appeal challenging the Income-tax Appellate Tribunal's order denying the appellant to raise an additional ground of appeal related to depreciation calculation and taxable income. The Court directed the Tribunal to consider the additional ground under rule 11 of the Appellate Tribunal Rules, 1963, emphasizing that the Tribunal has the discretion to allow new grounds if necessary for correctly assessing tax liability. The impugned Tribunal order was set aside, and the Tribunal was instructed to address the additional ground in accordance with the law. Case-Laws Income Tax Fri, 19 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13490