https://www.taxtmi.com/caselaws?id=19168 The court assessed the assessee as co-sharers instead of an association of individuals, following precedent. It partially allowed the revision by upholding the disallowance of the depreciation claimed by the assessee, as it was categorized as initial depreciation not permissible under the rules. en-us Tue, 15 Nov 1994 00:00:00 +0530 Wed, 04 Nov 2009 13:47:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19168 The court assessed the assessee as co-sharers instead of an association of individuals, following precedent. It partially allowed the revision by upholding the disallowance of the depreciation claimed by the assessee, as it was categorized as initial depreciation not permissible under the rules. Case-Laws Income Tax Tue, 15 Nov 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19168