https://www.taxtmi.com/caselaws?id=18422 The court ruled in favor of the petitioner, setting aside the notice issued by the Commissioner of Income-tax regarding the excess allowance of depreciation on assets due to foreign currency fluctuations and the excess grant of refund under section 244A for late filing of the return. The court emphasized the importance of following established legal precedents and found the notices to be invalid and lacking in specific details. The court quashed the notices and made the rule absolute, with no order as to costs. en-us Thu, 27 Jun 1996 00:00:00 +0530 Wed, 30 Sep 2009 17:34:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18422 The court ruled in favor of the petitioner, setting aside the notice issued by the Commissioner of Income-tax regarding the excess allowance of depreciation on assets due to foreign currency fluctuations and the excess grant of refund under section 244A for late filing of the return. The court emphasized the importance of following established legal precedents and found the notices to be invalid and lacking in specific details. The court quashed the notices and made the rule absolute, with no order as to costs. Case-Laws Income Tax Thu, 27 Jun 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18422