https://www.taxtmi.com/caselaws?id=274750 The Tribunal condoned the delay in filing the Revenue's appeal, allowing it to be heard on merits. It upheld the depreciation claim on the Sivaganga Beverage Division, citing readiness for commercial production. Additionally, it allowed depreciation on the Modakurichi Sugar Project, Modakaurichi Cogen Project, and Sivaganga Cogen Project, emphasizing trial runs as part of business use. The Tribunal affirmed rental income from business assets as business income, consistent with past treatment. The decision favored the assessee on depreciation for the Beverage Division and rejected the Revenue's contentions on other issues. en-us Fri, 30 Jan 2015 00:00:00 +0530 Sat, 01 Sep 2018 05:55:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274750 The Tribunal condoned the delay in filing the Revenue's appeal, allowing it to be heard on merits. It upheld the depreciation claim on the Sivaganga Beverage Division, citing readiness for commercial production. Additionally, it allowed depreciation on the Modakurichi Sugar Project, Modakaurichi Cogen Project, and Sivaganga Cogen Project, emphasizing trial runs as part of business use. The Tribunal affirmed rental income from business assets as business income, consistent with past treatment. The decision favored the assessee on depreciation for the Beverage Division and rejected the Revenue's contentions on other issues. Case-Laws Income Tax Fri, 30 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274750