https://www.taxtmi.com/caselaws?id=282839 The ITAT dismissed both the assessee's and Revenue's appeals, upholding the Commissioner of Income Tax (Appeals)'s decisions. The disallowance of depreciation on tenancy rights was affirmed due to consistent rulings against the appellant. However, the ITAT ruled in favor of the appellant regarding payments to retired partners and legal heirs of deceased partners, citing similar facts and previous favorable decisions. en-us Thu, 01 Mar 2018 00:00:00 +0530 Tue, 27 Aug 2019 18:55:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282839 The ITAT dismissed both the assessee's and Revenue's appeals, upholding the Commissioner of Income Tax (Appeals)'s decisions. The disallowance of depreciation on tenancy rights was affirmed due to consistent rulings against the appellant. However, the ITAT ruled in favor of the appellant regarding payments to retired partners and legal heirs of deceased partners, citing similar facts and previous favorable decisions. Case-Laws Income Tax Thu, 01 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282839