https://www.taxtmi.com/caselaws?id=375705 The High Court considered the eligibility of depreciation for certain assets under Section 32(1)(ii) of the Income Tax Act, focusing on the application of the doctrine of "ejusdem generis." The Court admitted the appeal for consideration on this issue. Additionally, regarding the disallowance under Section 14A of the Income Tax Act for expenditure incurred for earning exempt income, the Court upheld the Tribunal's decision that no disallowance could be made as no exempt income was earned during the relevant year. The appeal was dismissed as no substantial question of law arose in this context. en-us Wed, 16 Jan 2019 00:00:00 +0530 Sat, 23 Feb 2019 08:57:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375705 The High Court considered the eligibility of depreciation for certain assets under Section 32(1)(ii) of the Income Tax Act, focusing on the application of the doctrine of "ejusdem generis." The Court admitted the appeal for consideration on this issue. Additionally, regarding the disallowance under Section 14A of the Income Tax Act for expenditure incurred for earning exempt income, the Court upheld the Tribunal's decision that no disallowance could be made as no exempt income was earned during the relevant year. The appeal was dismissed as no substantial question of law arose in this context. Case-Laws Income Tax Wed, 16 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375705