https://www.taxtmi.com/caselaws?id=380816 The Tribunal partly allowed the assessee's appeal. It upheld the CIT(A)'s decision on short-term capital gains and the applicability of Section 50 but ruled in favor of the assessee regarding the depreciation on the car. The Tribunal found that the properties in question did not form part of the depreciable block, as claimed by the assessee, and allowed the claimed depreciation on the car, disagreeing with the authorities' doubts on the genuineness of the delivery document. en-us Thu, 16 May 2019 00:00:00 +0530 Tue, 28 May 2019 11:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380816 The Tribunal partly allowed the assessee's appeal. It upheld the CIT(A)'s decision on short-term capital gains and the applicability of Section 50 but ruled in favor of the assessee regarding the depreciation on the car. The Tribunal found that the properties in question did not form part of the depreciable block, as claimed by the assessee, and allowed the claimed depreciation on the car, disagreeing with the authorities' doubts on the genuineness of the delivery document. Case-Laws Income Tax Thu, 16 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380816