https://www.taxtmi.com/caselaws?id=275241 The tribunal dismissed the appeal, affirming the lower authorities' decisions on assessment validity, depreciation disallowance on intangible assets, and the interpretation of partnership firm conversion for depreciation claims. The tribunal found the notice u/s 143(2) was valid, upheld the disallowance of depreciation on intangible assets, and clarified that depreciation is allowable based on actual cost post-conversion. The appeal was decided against the assessee, with the tribunal citing legal provisions and precedents. The decision was issued on 3rd March 2017 by the tribunal. en-us Fri, 03 Mar 2017 00:00:00 +0530 Tue, 25 Sep 2018 08:21:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275241 The tribunal dismissed the appeal, affirming the lower authorities' decisions on assessment validity, depreciation disallowance on intangible assets, and the interpretation of partnership firm conversion for depreciation claims. The tribunal found the notice u/s 143(2) was valid, upheld the disallowance of depreciation on intangible assets, and clarified that depreciation is allowable based on actual cost post-conversion. The appeal was decided against the assessee, with the tribunal citing legal provisions and precedents. The decision was issued on 3rd March 2017 by the tribunal. Case-Laws Income Tax Fri, 03 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275241