https://www.taxtmi.com/caselaws?id=387295 The High Court, in appeals challenging orders of the Income Tax Appellate Tribunal regarding depreciation on fixed assets acquired under the Transfer Scheme 2003, remitted the matter for fresh assessment. The Court found that assets were not initially identifiable but became so in a subsequent year based on auditors' report. It directed the assessing authority to reevaluate the depreciation claim within three months from the date of the order. en-us Thu, 17 Oct 2019 00:00:00 +0530 Mon, 21 Oct 2019 08:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387295 The High Court, in appeals challenging orders of the Income Tax Appellate Tribunal regarding depreciation on fixed assets acquired under the Transfer Scheme 2003, remitted the matter for fresh assessment. The Court found that assets were not initially identifiable but became so in a subsequent year based on auditors' report. It directed the assessing authority to reevaluate the depreciation claim within three months from the date of the order. Case-Laws Income Tax Thu, 17 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387295