https://www.taxtmi.com/caselaws?id=13884 The High Court of Punjab and Haryana ruled that depreciation cannot be deemed as granted if not claimed by the assessee, emphasizing that it must be claimed to be granted. The court decided in favor of the assessee, stating that the Tribunal's presumption of allowance without the assessee's claim was not sustainable. The judgment answered two specific questions in the negative, based on the principle that depreciation allowance is based on actual claims made by the assessee. en-us Thu, 19 Jul 2001 00:00:00 +0530 Sat, 04 Jul 2009 16:40:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13884 The High Court of Punjab and Haryana ruled that depreciation cannot be deemed as granted if not claimed by the assessee, emphasizing that it must be claimed to be granted. The court decided in favor of the assessee, stating that the Tribunal's presumption of allowance without the assessee's claim was not sustainable. The judgment answered two specific questions in the negative, based on the principle that depreciation allowance is based on actual claims made by the assessee. Case-Laws Income Tax Thu, 19 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13884