https://www.taxtmi.com/caselaws?id=363951 The court remitted the issue of eligibility for depreciation allowance on a building held on a long-term lease back to the tribunal for clarification. It also directed the tribunal to reassess the disallowance of business expenditure under Section 14A based on actual expenses rather than an ad-hoc estimate. The court upheld the tribunal's decision on the violation of natural justice in the assessment order, emphasizing the requirement for substantial legal questions to warrant intervention. The appeals were disposed of, with instructions for reexamination of specific issues within six weeks. en-us Wed, 11 Jul 2018 00:00:00 +0530 Fri, 20 Jul 2018 05:47:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363951 The court remitted the issue of eligibility for depreciation allowance on a building held on a long-term lease back to the tribunal for clarification. It also directed the tribunal to reassess the disallowance of business expenditure under Section 14A based on actual expenses rather than an ad-hoc estimate. The court upheld the tribunal's decision on the violation of natural justice in the assessment order, emphasizing the requirement for substantial legal questions to warrant intervention. The appeals were disposed of, with instructions for reexamination of specific issues within six weeks. Case-Laws Income Tax Wed, 11 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363951