https://www.taxtmi.com/caselaws?id=273713 No substantial question of law arose on the addition for bank guarantee encashment because the amount related to a dispute still pending final adjudication, so the addition was not sustained. Depreciation was not denied on assets not registered in the assessee's name where payment, possession and business use were found on the facts. Exemption under Section 80IA for the Inland Container Depot, Container Freight Station and rolling stock was governed by earlier rulings and was upheld. The tribunal's application of amortised depreciation under Section 32 was affirmed, and the remand for fresh consideration of depreciation on land under Section 32(1)(ii) was left undisturbed. en-us Tue, 31 Oct 2017 00:00:00 +0530 Wed, 11 Jul 2018 06:17:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273713 No substantial question of law arose on the addition for bank guarantee encashment because the amount related to a dispute still pending final adjudication, so the addition was not sustained. Depreciation was not denied on assets not registered in the assessee's name where payment, possession and business use were found on the facts. Exemption under Section 80IA for the Inland Container Depot, Container Freight Station and rolling stock was governed by earlier rulings and was upheld. The tribunal's application of amortised depreciation under Section 32 was affirmed, and the remand for fresh consideration of depreciation on land under Section 32(1)(ii) was left undisturbed. Case-Laws Income Tax Tue, 31 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273713