https://www.taxtmi.com/caselaws?id=375097 The High Court set aside the tribunal's decision allowing additional depreciation under Section 32(1)(iia) of the Income Tax Act due to inadequate reasoning and evidence evaluation. The court directed a rehearing within six months to address the discrepancies in asset acquisition and installation dates, emphasizing the need for detailed assessment and specific mention of evidence for inferences. The decision aimed to ensure a more thorough evaluation process and rectify deficiencies in the tribunal's reasoning. en-us Thu, 31 Jan 2019 00:00:00 +0530 Thu, 14 Feb 2019 06:21:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375097 The High Court set aside the tribunal's decision allowing additional depreciation under Section 32(1)(iia) of the Income Tax Act due to inadequate reasoning and evidence evaluation. The court directed a rehearing within six months to address the discrepancies in asset acquisition and installation dates, emphasizing the need for detailed assessment and specific mention of evidence for inferences. The decision aimed to ensure a more thorough evaluation process and rectify deficiencies in the tribunal's reasoning. Case-Laws Income Tax Thu, 31 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375097