https://www.taxtmi.com/caselaws?id=368165 The Tribunal remanded the issue back to the Assessing Officer for fresh determination of depreciation on plant and machinery, directing a reevaluation of the compensation received for defective assets. The Tribunal's decision aligned with previous orders, emphasizing the need for a detailed assessment of the nature of compensation and its impact on depreciation calculations. By restoring the issue for reevaluation, the Tribunal aimed to ensure fairness and accuracy in determining depreciation allowances, highlighting the importance of distinguishing between capital and revenue transactions in tax assessments. en-us Fri, 28 Sep 2018 00:00:00 +0530 Wed, 03 Oct 2018 08:22:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368165 The Tribunal remanded the issue back to the Assessing Officer for fresh determination of depreciation on plant and machinery, directing a reevaluation of the compensation received for defective assets. The Tribunal's decision aligned with previous orders, emphasizing the need for a detailed assessment of the nature of compensation and its impact on depreciation calculations. By restoring the issue for reevaluation, the Tribunal aimed to ensure fairness and accuracy in determining depreciation allowances, highlighting the importance of distinguishing between capital and revenue transactions in tax assessments. Case-Laws Income Tax Fri, 28 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368165