https://www.taxtmi.com/caselaws?id=372567 The High Court dismissed the Revenue's appeal, affirming the Tribunal's decision on the admission of additional evidence under Rule 46A(3) of the Income Tax Rules, 1962. The Court found the respondent-assessee eligible for depreciation based on factual evidence presented. However, the Court clarified that the issue of deduction under Section 43B of the Income Tax Act, 1961 was not raised before the Tribunal and therefore could not be considered in the appeal, leading to the dismissal of the appeal on this ground. en-us Fri, 07 Dec 2018 00:00:00 +0530 Tue, 25 Dec 2018 08:25:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372567 The High Court dismissed the Revenue's appeal, affirming the Tribunal's decision on the admission of additional evidence under Rule 46A(3) of the Income Tax Rules, 1962. The Court found the respondent-assessee eligible for depreciation based on factual evidence presented. However, the Court clarified that the issue of deduction under Section 43B of the Income Tax Act, 1961 was not raised before the Tribunal and therefore could not be considered in the appeal, leading to the dismissal of the appeal on this ground. Case-Laws Income Tax Fri, 07 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372567