https://www.taxtmi.com/caselaws?id=389324 The Tribunal partially allowed the Revenue's appeals, directing the Assessing Officer to recalculate the disallowance of depreciation for the assessment years 2012-13, 2013-14, and 2014-15. The Tribunal found that the assessee failed to refute the findings regarding inflated capital asset costs and excessive depreciation claims. While agreeing with the disallowance, the Tribunal identified computation discrepancies and remanded the issue to the AO for accurate recalculations, stressing the need for the assessee to have a fair chance to present its case. en-us Fri, 29 Nov 2019 00:00:00 +0530 Thu, 05 Dec 2019 13:13:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389324 The Tribunal partially allowed the Revenue's appeals, directing the Assessing Officer to recalculate the disallowance of depreciation for the assessment years 2012-13, 2013-14, and 2014-15. The Tribunal found that the assessee failed to refute the findings regarding inflated capital asset costs and excessive depreciation claims. While agreeing with the disallowance, the Tribunal identified computation discrepancies and remanded the issue to the AO for accurate recalculations, stressing the need for the assessee to have a fair chance to present its case. Case-Laws Income Tax Fri, 29 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389324