https://www.taxtmi.com/caselaws?id=380219 The Tribunal partly allowed the assessee's appeal, setting aside the Principal Commissioner of Income Tax's order regarding the exemption under Section 10A. The Tribunal found that the Assessing Officer had conducted a detailed enquiry and followed a permissible view. However, the Tribunal upheld the Principal Commissioner's directions on the computation of book profit under Section 115JB and the claim of additional depreciation on old and used machinery, as the Assessing Officer had not adequately addressed these issues. en-us Tue, 14 May 2019 00:00:00 +0530 Wed, 15 May 2019 13:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380219 The Tribunal partly allowed the assessee's appeal, setting aside the Principal Commissioner of Income Tax's order regarding the exemption under Section 10A. The Tribunal found that the Assessing Officer had conducted a detailed enquiry and followed a permissible view. However, the Tribunal upheld the Principal Commissioner's directions on the computation of book profit under Section 115JB and the claim of additional depreciation on old and used machinery, as the Assessing Officer had not adequately addressed these issues. Case-Laws Income Tax Tue, 14 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380219