https://www.taxtmi.com/caselaws?id=382145 The High Court of Gujarat upheld the Tribunal's decision regarding the reopening of assessment under section 148 of the Income Tax Act, 1961. The court dismissed the appeal, affirming the validity of the depreciation claim on the wind mill. The court emphasized the importance of evidence and the Assessing Officer's prior acceptance of the depreciation claim during the original assessment, concluding that there were no valid grounds for reopening the assessment and that the assessee was entitled to claim depreciation based on the evidence presented. en-us Tue, 09 Apr 2019 00:00:00 +0530 Tue, 25 Jun 2019 10:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382145 The High Court of Gujarat upheld the Tribunal's decision regarding the reopening of assessment under section 148 of the Income Tax Act, 1961. The court dismissed the appeal, affirming the validity of the depreciation claim on the wind mill. The court emphasized the importance of evidence and the Assessing Officer's prior acceptance of the depreciation claim during the original assessment, concluding that there were no valid grounds for reopening the assessment and that the assessee was entitled to claim depreciation based on the evidence presented. Case-Laws Income Tax Tue, 09 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382145