https://www.taxtmi.com/caselaws?id=279670 The High Court upheld the Tribunal's decision to allow the depreciation and expenses claimed by the assessee under the IT Act, 1961. The Court supported the Tribunal's findings of a temporary pause in manufacturing activities and industry revival based on new evidence presented. It dismissed the Revenue's challenge, affirming the Tribunal's discretion in considering additional materials and concluding that no legal questions arose from the decision. The Court emphasized the factual nature of the Tribunal's findings and upheld the allowance of the assessee's claims. en-us Mon, 31 Mar 1997 00:00:00 +0530 Sat, 30 Mar 2019 12:39:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279670 The High Court upheld the Tribunal's decision to allow the depreciation and expenses claimed by the assessee under the IT Act, 1961. The Court supported the Tribunal's findings of a temporary pause in manufacturing activities and industry revival based on new evidence presented. It dismissed the Revenue's challenge, affirming the Tribunal's discretion in considering additional materials and concluding that no legal questions arose from the decision. The Court emphasized the factual nature of the Tribunal's findings and upheld the allowance of the assessee's claims. Case-Laws Income Tax Mon, 31 Mar 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279670