https://www.taxtmi.com/caselaws?id=384215 The Tribunal upheld the CIT(A)'s decision to allow the depreciation claim on the 'ETP System' purchased by the assessee, an authorized bottler of soft drinks. Despite doubts about the invoice's authenticity, the Tribunal found substantial evidence, including purchase agreements, transport receipts, inspection reports, and payment records, supporting the claim. The repairs to the ETP plant were deemed necessary for regulatory compliance, further strengthening the assessee's case. Consequently, the Tribunal dismissed the Revenue's appeal, affirming the allowance of depreciation as per the CIT(A)'s decision. en-us Fri, 02 Aug 2019 00:00:00 +0530 Wed, 07 Aug 2019 18:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384215 The Tribunal upheld the CIT(A)'s decision to allow the depreciation claim on the 'ETP System' purchased by the assessee, an authorized bottler of soft drinks. Despite doubts about the invoice's authenticity, the Tribunal found substantial evidence, including purchase agreements, transport receipts, inspection reports, and payment records, supporting the claim. The repairs to the ETP plant were deemed necessary for regulatory compliance, further strengthening the assessee's case. Consequently, the Tribunal dismissed the Revenue's appeal, affirming the allowance of depreciation as per the CIT(A)'s decision. Case-Laws Income Tax Fri, 02 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384215