https://www.taxtmi.com/caselaws?id=285463 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decisions on both issues. The disallowance of depreciation of Rs. 85,17,966 was deleted based on the principle of consistency and the lack of new material evidence from the AO. The addition of Rs. 36,00,000 was deleted as it was an accounting reclassification and did not represent unaccounted income. en-us Fri, 29 Mar 2019 00:00:00 +0530 Mon, 13 Jan 2020 18:41:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285463 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decisions on both issues. The disallowance of depreciation of Rs. 85,17,966 was deleted based on the principle of consistency and the lack of new material evidence from the AO. The addition of Rs. 36,00,000 was deleted as it was an accounting reclassification and did not represent unaccounted income. Case-Laws Income Tax Fri, 29 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285463